Basel Committee Approves G-SIB Assessment and Finalizes Machine-Readable Pillar 3 Disclosure Standard

The Basel Committee met in Indonesia on September 28–29, 2026, to advance supervisory and regulatory initiatives. Key outcomes include approving the annual assessment exercise for global systemically important banks and revisions to reduce year-end window-dressing behavior. The Committee also approved a final standard for machine-readable Pillar 3 disclosures, moving beyond current PDF-only formats to improve data aggregation and market discipline. Furthermore, the Committee agreed to consult on additional Pillar 2 guidance on interest rate risk in the banking book and will update its targeted review of the prudential standard for banks’ exposures to cryptoassets by the end of the year. Discussions also covered the rapid evolution of artificial intelligence (AI) in global banking, noting its potential to amplify operational vulnerabilities, including cyber attacks.