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Company: Basel Committee on Banking Supervision

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Former Canadian regulator Carolyn Rogers takes over as the committee's secretary general on Wednesday

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Report finds Canada's banking system is compliant with global standards

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The assets may not fall under the jurisdiction of traditional securities regulators

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The Basel Committee has released its latest status report

Global banks may be engaging in transactions designed to dress up their leverage disclosures

Revised Pillar 3 framework aims to promote discipline on bank management by bolstering disclosure to investors

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Information sharing by banks and regulators varies widely across jurisdictions

Challenges remain in ensuring regulators adopt Basel III standards in a timely way

Limited progress has been made on implementing standards whose deadlines have passed

Revisions designed to address key weaknesses exposed by the financial crisis