BIS updates on BASEL III adoption

The Basel Committee on Banking Supervision has today issued the Tenth progress report on adoption of Basel regulatory framework.

This report sets out the adoption status of Basel III standards for each Basel Committee on Banking Supervision (BCBS) member jurisdiction as of end-March 2016. It updates the Committee’s previous progress reports which have been published on a semiannual basis since October 2011 under the Committee’s Regulatory Consistency Assessment Programme (RCAP).

As part of this programme, the Committee periodically monitors (since October 2011) the adoption status of the risk-based capital requirements and (since October 2013) the requirements for systemically important banks (SIBs), the liquidity coverage ratio (LCR) and the leverage ratio. In October 2015, the Committee extended its monitoring of the adoption progress to all Basel III standards, which will become effective by 2019.

As of March 2016, all 27 BCBS member jurisdictions have final risk-based capital rules, LCR regulations and capital conservation buffers in force. Further, 24 member jurisdictions have issued final rules for the countercyclical capital buffer and 23 have issued final or draft rules for their domestic SIBs framework (D-SIBs). With regard to the global SIBs framework (G-SIBs), all BCBS members that are home jurisdictions to G-SIBs have the final framework in force.

Member jurisdictions are now turning to the implementation of other Basel III standards, including the leverage ratio and the net stable funding ratio(NSFR).

The BIS statement and the full report are available here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

Posted in UncategorizedTagged , ,

Leave a Reply

Your email address will not be published. Required fields are marked *