Global banks failing to add up risk exposures to meet international standards, Basel says

25 June 2018 7:44am
The world’s largest banks have done far too little to meet global standards aimed at helping them add up their risk exposures across business lines, geographical boundaries and subsidiaries, a Basel Committee on Banking Supervision report said.

Basel’s progress report Friday said only three of the 30 banks deemed systemically important globally had fully adopted all the 2013 principles for aggregating risk data and reporting it to authorities.

“As the memories of the crisis fade over time, there is a danger that the enhancement of banks’ capabilities in these areas may receive a slower-track treatment,” the Switzerland-based authority said.