On 7 December 2017, the Group of Governors and Heads of Supervision (GHOS) endorsed a package of amendments aimed at finalising the "Basel III framework" [BCBS (2017) "Basel III: Finalising post-crisis reforms" (BCBS/2017/D424).], the internationally agreed prudential standards for banks developed by the Basel Committee on Banking Supervision (BCBS) adopted in the wake of the financial crisis. The package includes the following key revisions Two additional elements of the package of reforms, namely the final revisions to the measurement of the leverage ratio and the introduction of a leverage ratio buffer for global systemically important banks (G-SIBs) are currently being discussed as part of the negotiations on the package of amendments to Regulation (EU) No 575/2013 and Directive 2013/36/EU proposed by the Commission in November 2016 (the "Banking Package"). These elements are therefore not further considered in the present Call for Advice.[Two additional elements of the package of reforms, namely the final revisions to the measurement of the leverage ratio and the introduction of a leverage ratio buffer for global systemically important banks (G-SIBs) are currently being discussed as part of the negotiations on the package of amendments to Regulation (EU) No 575/2013 and Directive 2013/36/EU proposed by the Commission in November 2016 (the "Banking Package"). These elements are therefore not further considered in the present Call for Advice.]:

(i) revisions to the standardised approach for credit risk (SA-CR);