Puerto Rico
Latest Coverage
See all articles
via:
thebanker.com
Reg wrap: BIS chief backs prudential simplification, not deregulation
Bank for International Settlements general manager Pablo Hernández de Cos said on May 11 2026 that post-global financial crisis banking reforms had proved their value, citing banks’ resilience through the Covid-19 pandemic, monetary tightening, trade tensions and recent energy market disruption.
He said it was now “timely” to assess the framework and identify improvements, including simplification and greater use of supervisory technology. But he warned that any review must avoid diluting standards, arguing that banking resilience remains “as critical as ever”.