Basel and the SRB reset bank reporting as AI is named a systemic risk on two continents
A busy week in which the items that actually bind a defined population of banks were the quiet prudential reporting changes, not the AI headlines. We rank what a compliance officer must act on now, from the SRB's immediate discontinuation of a quarterly form to Basel's final G-SIB fix, and draw out the one cross-regulator pattern a daily briefing cannot see: AI named systemic in Europe and the US in the same week, with no concentration data attached.
- The SRB discontinued its quarterly MREL eligibility sign-off form with immediate effect and moved bank-specific resolvability deliverables to a three-year cycle from 2027 where no material concerns exist.
- Basel's final G-SIB amendments raise the reporting threshold to EUR 350 billion in leverage ratio exposure from 2027 and require indicators calculated on annual averages by 1 January 2030.
- Lagarde told the ESRB nearly nine in ten significant euro-area banks already use generative AI, and named AI concentration and third-party dependence as stability risks at the IMFC.
- NIST, the NSA's Super Intelligence Security Center and CISA issued a voluntary ten-practice incident-readiness guide including a near-miss reporting expectation.
- ABA, BPI, CBA and ICBA asked the Fed to move the 30 November comment deadline on two Genius Act stablecoin rulemakings to 29 January.