Bank of Japan announcement on July 3, 2025, regarding public consultation document on technical amendments published by Basel Committee on Banking Supervision.
Key Points
1. Consultation Document Overview
- Publication date: June 10, 2025 (Basel Committee)
- Document name: "Technical Amendment - Various technical amendments and FAQs"
- Proposals for technical amendments to Basel regulatory framework
- Response to frequently asked questions (FAQs) from financial institutions
2. Consultation Content
- Clarification and refinement of existing Basel regulations
- Technical solutions to practical challenges
- Adjustments to ensure consistent implementation across countries
- Consideration for reducing operational burden on financial institutions
3. Comment Solicitation
- Submission deadline: July 25, 2025
- Submit to: Basel Committee on Banking Supervision
- Language: English only
- Widely soliciting opinions from financial institutions and stakeholders
4. Future Development
- Finalization process following public consultation
- Coordination of implementation timing in national regulations
- Impact assessment on Japanese financial institutions
- Promotion of international regulatory harmonization
This announcement is part of the continuous improvement process of international banking regulations, aimed at enhancing financial system stability and ensuring regulatory effectiveness.