BCBS Consolidated Guidelines Final: Seven Basel Chapters May Move

ByRegReportingDesk
RegReportingDesk card: BCBS, Basel Committee on Banking Supervision, International

On 5 November 2026 the Basel Committee on Banking Supervision said it has finalised the BCBS consolidated guidelines without change after consultation, and opened a consultation on the consequential amendments to the Basel Framework, with comments due by Monday 21 December 2026. The proposals reach standards that prudential and risk reporting teams cite directly: the liquidity monitoring metrics in SRP50, Pillar 3 template text in DIS25, DIS30 and DIS40, and seven “Application guidance” chapters, CAP99 to SRP99, that the Committee proposes to move out of the Framework.

The consultative document, a technical amendment, has two annexes. Annex 1 replaces citations of guidance documents by title, date or paragraph number with the new chapter codes, so the 2008 liquidity “Sound Principles” become LQY10, and drops some citations whose source the Committee considers superseded. Annex 2 maps each Application guidance chapter to a destination in the consolidated guidelines, mostly “without change”.

Related reading: BCBS Consolidated Guidelines: One Website, 75% Less Guidance, our note on the February 2026 draft.

BCBS consolidated guidelines: the dates that matter

  • 26 February 2026: draft guidelines and consultative document published.
  • 26 June 2026: comments closed; the BIS consultation page lists eight responses.
  • 5 November 2026: text finalised “without change”; consultation on Basel Framework amendments opens.
  • 21 December 2026: comment deadline on the amendments.
  • No date given: the Application guidance chapters leave the Basel Framework once incorporated into the consolidated guidelines as final.

The window is 46 calendar days, close to the 45 calendar days the Committee said in March 2026 it typically allows for technical amendments. All seven Application guidance chapters were still on the Basel Framework site on 9 November 2026.

What “final” covers, and what stays live in the old PDFs

The final text keeps the 13-module structure of the February draft, with modules such as LQY (liquidity), CAD (capital adequacy) and PAP (problem assets and provisions) split into numbered chapters. The November document says the initiative replaces the existing PDF versions of guidelines and sound practices with a consistent framework.

The PDFs stay online. The February document said they would remain on the Committee’s publications page, with their status changed to “consolidated”, “other” or “superseded” as appropriate and their text unchanged. On 9 November 2026 the page for the April 2017 problem-assets guidelines, which Basel Framework citations would replace with PAP10, still showed the status “Current”. A policy library can carry both the PDF citation and the new chapter code until that label changes.

Finalisation creates no direct obligation on a bank either. The February document states that the Committee has no formal supranational authority and that its decisions have no legal force. It encourages full adoption of guidelines by members and their supervised banks, in particular internationally active banks, allows a proportional approach for other supervised banks, and asks members to compare sound practices with their own.

Cross-references the Committee proposes to repoint

Annex 1 sets out extracts from nine Basel Framework standards: SCO, CAP, RBC, LCR, NSF, MGN, SRP, DIS and BCP. The proposed amendments primarily update citations, chapter codes and associated wording, but a new reference does not always point to an identical version of the historical guidance. For example, SRP32.12 would replace its reference to the September 2000 credit-risk principles with CRI10, which is based on the revised April 2025 principles. Internal documentation should therefore check the substance of the destination chapter rather than treating every change as a mechanical renumbering. The table lists the references a prudential reporting function is most likely to hold in its own documentation.

Guidance cited today Proposed reference Basel Framework places affected
Principles for Sound Liquidity Risk Management and Supervision (September 2008) LQY10 LCR20, LCR30, LCR40, NSF10.28, SRP30.48, SRP50
Guidance for national authorities operating the countercyclical capital buffer CAD20 RBC30.10
Supervisory guidance for assessing banks’ financial instrument fair value practices (April 2009) CAD30 SRP30.37; DIS25 template CC1 row 7; DIS30 template PV1
Prudential treatment of problem assets: definitions of non-performing exposures and forbearance (April 2017) PAP10; its paragraph 33 becomes PAP10.23 DIS40 table CRB-A
Minority interest example in CAP99.1 to CAP99.7 CAD40 CAP10 FAQ1; DIS25 template CC1 row 5
Principles for the management of credit risk (September 2000) CRI10 SRP32.12
Operational risk and operational resilience principles ORR10; ORR20 SCO60.121 (ORR10 and ORR20); SRP34.1 (ORR10; see note below the table)
Stress testing principles (October 2018) RMA30 SRP30.46; an SRP31 footnote
Corporate governance principles for banks (July 2015) CGO10 SRP31.10, SRP35.1, SRP36.18

Annex 1 labels the ORR10 operational-risk passage as SRP34.1 and shows SRP34 with that single paragraph. The Basel Framework version of SRP34 effective 15 December 2019 (last updated 27 March 2020) is numbered differently: SRP34.1 addressed gross income as a proxy for operational-risk exposure, and SRP34.2 referred to the June 2011 Principles for the Sound Management of Operational Risk. BIS marks that version superseded and out of force as of 31 December 2022, and the current SRP standard page lists no SRP34 chapter. Annex 1 does not identify the version of SRP34 it extracts, so institutions can ask the Committee in a comment which numbering applies before repointing any internal SRP34 citation.

Paragraph numbers do not carry over at a fixed offset. In SRP50, Sound Principles paragraphs 141 to 143 become LQY10.157 to LQY10.159, paragraph 145 becomes LQY10.162 and paragraph 79 becomes LQY10.87. SRP50 also holds the intraday liquidity monitoring tools and the sample reporting form for banks that use correspondent banks (Table 2); the form’s rows are unchanged in the extract and its footnote now points to LQY10.162. Our guide to LCR, NSFR and ALMM liquidity reporting covers the EU returns that sit alongside these Basel monitoring tools.

Annex 1 also proposes removing references to material the Committee considers superseded. The relevant extracts include references in SRP35 and the Core Principles. Before deleting individual entries from an internal cross-reference register, institutions should confirm the precise removals against the marked-up consultation document.

Seven Application guidance chapters would leave the Basel Framework

The Committee says the migration is meant to reduce the spread of guidance material across its website and to separate standards from guidelines more clearly. Table A.1 in Annex 2 gives the mapping; some material the Committee now considers obsolete or superseded would also go.

Basel Framework chapter Proposed destination What moves
CAP99 Application guidance New CAD40 Definition of eligible capital; FAQs under CAP30 Minority interest (99.1 to 99.7) to CAD40; indirect and synthetic holdings (99.9 to 99.12) to CAP30 FAQs; transitional provisions (99.13 to 99.14) deleted
CRE99 Application guidance New CRI70 RWA calculations for credit risk Worked RWA examples, 99.1 to 99.133, without change
LCR99 Application guidance New LQY30 Liquidity Coverage Ratio Summary of HQLA components and run-off factors, without change
NSF99 Application guidance New LQY40 Net Stable Funding Ratio Available and required stable funding factors, 99.1 to 99.6, without change
MAR99 Guidance on use of the internal models approach MIR10 Market risk Backtesting and risk factor modellability guidance, 99.1 to 99.22, without change
SRP98 Application guidance on interest rate risk in the banking book MIR20 Interest rate risk in the banking book Whole chapter without change
SRP99 Application guidance SCA10, SCA20 and SCA30 Merged into supervision chapters; 99.2, 99.3, 99.8 and 99.9 deleted as duplicative

CAP99 splits. Its indirect and synthetic holdings material would sit inside the CAP30 standard on regulatory adjustments as two FAQ responses, including a new FAQ8 with five examples such as a total return swap on another financial institution’s capital instruments. Deduction methodologies documented against CAP99.9 to CAP99.12 would then cite a standards chapter.

MIR10 and MIR20 currently state that the Committee has published no guidelines or sound practices on market risk and on interest rate risk respectively. The proposal deletes those statements, and MIR20 would then describe interest rate risk in the banking book, its management techniques and the derivation of the standardised interest rate shocks. Our article on the EBA IRRBB guidelines covers the EU framework for interest rate risk in the banking book.

Where reporting and disclosure work is touched

Reading the extracts, the consultation edits Basel text and leaves every jurisdiction’s return as it is. The February document says guidelines and sound practices, like standards, are transposed into jurisdictional frameworks, so prudential returns and Pillar 3 disclosures follow the local rules until a local authority amends them.

In the Basel disclosure chapters, the edits sit in the explanations for rows 5 and 7 of template CC1, the purpose statement of template PV1 and the qualitative rows of table CRB-A; row numbers and layout are unchanged in the extracts. A disclosure manual that copies those explanations would pick up CAD40 for the minority interest example, CAD30 for the fair value guidance (in particular its Principle 10) and PAP10 for the non-performing and forborne exposure definitions, with paragraph 33 of the 2017 guidelines becoming PAP10.23. Our Pillar 3 disclosure requirements guide covers the disclosure regime as it applies to banks in Luxembourg.

Risk data aggregation ends up anchored twice. The footnotes to Core Principles 10 (prudential reports and statistical returns) and 15 (risk management) replace the January 2013 Principles for effective risk data aggregation and risk reporting with “SRP36 and RMA10”, and the February structure annex tags that document as both a standard and a guideline. Our article on BCBS 239 risk data aggregation covers the Committee’s 2026 implementation newsletter.

What to put in a comment by 21 December

The November document invites comments on any part of the proposals by 21 December 2026, through the link on the BIS publication page, and sets out no numbered questions. The February consultation drew eight responses, and that text was finalised without change.

The useful checks are mechanical. Each migrated paragraph needs a destination, and each repointed citation must land on the passage it replaces, which matters most where LQY10 numbering shifts. Texts that cite a Basel chapter by number, such as SRP98 for the standardised interest rate shocks or CRE99 for a worked RWA example, would lose that chapter number once the migration is final. Several BCP40 extracts in the consultative PDF also show the text “Error! Reference source not found.” mid-sentence, a drafting artefact worth flagging.

Frequently Asked Questions

If LCR99 moves to the guidelines, do the run-off factors in our LCR engine lose their Basel basis?

LQY30 describes itself as a summary of the HQLA components and run-off factors under the LCR standard, whose chapters, including LCR30 on high-quality liquid assets and LCR40 on cash inflows and outflows, stay in the Basel Framework. For a bank, the binding factors are those in its jurisdiction’s implementing rule.

Our model documentation cites MAR99 for backtesting. When does that citation stop working?

Not before the amendments are final. MAR99.1 to MAR99.22 would move to MIR10 without change, and the chapter leaves the Basel Framework only once incorporated into the consolidated guidelines as final. No date is given, and MAR99 was still on the Basel Framework site on 9 November 2026.

Does the switch to PAP10 change the 2017 definitions of non-performing and forborne exposures?

The DIS40 edits change the citation; CRB-A still asks the bank to state whether it uses the Basel definition, and the provisions passage is quoted unchanged under PAP10.23. The consolidation did remove content the Committee judged outdated, superseded or duplicative, so a team relying on a specific passage of the 2017 PDF should confirm it survives in PAP10.

Sources and References

Mapping Basel references before the 21 December deadline

The artifact this consultation calls for is a cross-reference register: every internal citation of a Basel guidance PDF, and of CAP99, CRE99, LCR99, NSF99, MAR99, SRP98 or SRP99, paired with its proposed code from Annex 1 or Table A.1. Comments close on 21 December 2026; the register can be confirmed against the final amendments once the Committee publishes them.

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