Thedéen urges modern bank supervision amid rapid change
Sveriges Riksbank Governor and Basel Committee Chair Erik Thedéen stressed the necessity of robust, modern banking supervision at the 24th International Conference of Banking Supervisors in Bali, Indonesia.
A global mandate in Bali
Speaking in his dual role as Governor of Sveriges Riksbank and Chair of the Basel Committee on Banking Supervision (BCBS), Erik Thedéen addressed delegates at the 24th International Conference of Banking Supervisors in Bali, Indonesia on September 30, 2026.
Thedéen emphasized that supervisory frameworks must remain strong, adaptable, and forward-looking to keep pace with rapid transformations across the global financial landscape.
He noted that maintaining the relevance of regulatory oversight requires supervisory authorities worldwide to continually modernize their practices, enhance risk detection, and uphold international standards across dynamic operating environments.
Aligning cross-border standards
The biennial International Conference of Banking Supervisors brings together senior supervisors and central bank officials from around the globe to discuss cross-border regulatory challenges.
As Chair of the Basel Committee, Thedéen plays a central role in guiding global standards for bank capital, liquidity, and operational resilience.
The address highlights ongoing coordination among standard-setters to ensure national authorities apply consistent oversight as financial risks evolve.
High-level rhetoric meets hard reality
The speech hits all the standard supervisory talking points but offers little concrete operational guidance.
Broad appeals for modernisation mean little without clear timelines for implementation across fragmented jurisdictions.
Global supervisors must move beyond high-level consensus to address tangible emerging risks.