At the Basel Committee on Banking Supervision's (BCBS's) meeting on 26-27 November in Abu Dhabi, United Arab Emirates, the BCBS (1) agreed to a set of targeted revisions to the market risk framework, which would enhance the risk sensitivity of the standardized approach, revise the calibration of certain elements of the framework, and improve certain aspects of the internal models approach and which would be published in early 2019 if endorsed by the Group of Governors and Heads of Supervision (GHOS); (2) agreed to consult on potential enhanced disclosures to reduce bank window-dressing behaviour related to the leverage ratio; (3) approved a set of revisions to the Pillar-3 disclosure framework to be published in December; and (4) reviewed a report setting out the range of bank, regulatory and supervisory cyber-resilience practices across jurisdictions also for publication in December. The BCBS also discussed its ongoing evaluation of its post-crisis reforms, including the usability of capital buffer, took note of the comments received on its discussion paper on the regulatory treatment of sovereign exposures, and discussed its work program and strategic priorities for 2019. The BCBS plans to consult next year on the consolidation of the BCBS's standards into a single integrated framework.

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