The new “Principles for effective risk data aggregation and risk reporting” (BCBS 239) adopted by the Basel Committee at the beginning of 2013 will apply initially from 2016 to global systemically important banks (G-SIBs).
To put it quite plainly, in setting the individual topics against the fundamental issues, it has again become very clear to me that a lasting stabilisation of the financial system calls for a holistic, system-oriented policy approach, which is based on institution-oriented banking supervision but which also goes beyond it. Let me start with the fundamental issues in the area of regulation.