Skip to content


  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Add this article to your Facebook page
  • Email this article
  • View or print a PDF of this page
  • Share further
  • Add this article to your Pinterest board
  • Add this article to your Google page
  • Share this article on Reddit
  • Share this article on StumbleUpon
  • Bookmark this page

Looking ahead: where now for the Basel Committee?

 The Banker | 1 September 2017

Molly Preleski, financial services regulation expert shares her insights on the challenges facing the Basel Committee on Banking Supervision (BCBS) over the next 10 years.

The article looks at the impact of Trump and the political pressures the BCBC is likely to be under. Molly says that: “[The BCBS] is going to face some pressure as to its process for consultations.” 

She goes on to say that it may have to look at its arrangements for how and when it reaches out to the public and the industry and the functioning of its working groups, and that it might be called upon to interact earlier in the policy-making process.

“It could result in more consultations. Calling for evidence earlier might be another way to go; anything that would demonstrate an openness to receiving feedback and input on policies. Obviously, that has to be balanced with the fact that the BCBS is an independent organisation.” 

Molly adds: “I think it will be a slow process. I don't see anything changing quickly in that regard.”

How regulators can unlock their full potential

The impact of regulation shows no sign of abating

Find out more

The article goes on to explore the rapid growth of fintech and how this is changing the banking landscape. 

Molly states: “The committee might be a bit behind the curve in terms of addressing future fintech risks. You’ve seen local regulators taking initial steps towards fintechs and they’re outpacing global standard.” 

She concludes by saying that: “I think it’s important to monitor the impact of fintech on banks, because there are a lot of incumbents who have business models that could be completely disrupted by developments in fintech and that might impact bank stability.”

Contact the financial services team

By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.