Oct 4 - The Office of the Comptroller of the Currency has announced that the Basel Committee on Banking Supervision has selected Charles Taylor, deputy comptroller for regulatory policy, to chair its Standards Implementation Group. For this role, Taylor will assume a prominent leadership role within the Basel Committee.
“I’m very pleased that Charles can apply his more than 30 years of experience in the financial services industry to further improve the quality of banking supervision at the international level,” said Comptroller of the Currency Thomas J. Curry. “Charles brings strong leadership and expertise to his new role and is well suited to chair the Basel Committee’s Standards Implementation Group.”
Under Taylor’s leadership, the SIG will continue to further the Basel Committee’s mandate to enhance the understanding of key supervisory issues and improve the quality of banking supervision worldwide. The SIG is tasked with promoting greater effectiveness and consistency in the implementation of Basel Committee guidance and standards, including its capital standards framework. The SIG has seven sub-groups that address the calculation of risk weights for the banking and trading books, operational risks, Pillar II issues, supervisory colleges, SIB supervision and the overall implementation of the Basel standards.