April 23, 2018

BCBS published the fourteenth progress report on adoption of the Basel III regulatory framework. The report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of the end of March 2018. It includes for the first time the finalized Basel III post-crisis reforms, which were published by BCBS in December 2017. These recent reforms will take effect from January 01, 2022.

The report includes the status of adoption of the Basel III risk-based capital standards, the leverage ratio, the standards for global and domestic systemically important banks (SIBs) and interest rate risk in the banking book (IRRBB), the net stable funding ratio (NSFR), the large exposures framework, and the disclosure requirements. With respect to the further progress of member jurisdictions, the report shows the following:

  • Leverage ratio, based on the existing exposure definition, is now in force in most member jurisdictions.
  • Twenty-four member jurisdictions have issued draft or final rules for the net stable funding ratio (NSFR).
  • Nineteen member jurisdictions have issued draft of final rules for the revised securitization framework.

The report also shows limited progress in the implementation of some technical standards whose implementation deadlines passed in 2017; these include the standardized approach for measuring counterparty credit risk exposures (SA-CCR) and the capital requirements for bank exposures to central counterparties (CCPs) and for equity investments in funds. Moreover, member jurisdictions continue to work toward implementing Basel III standards that have an implementation deadline within the next 12 months; these include the supervisory framework for measuring and controlling large exposures, the standard for interest rate risk in the banking book (IRRBB) and the requirements for total loss-absorbing capacity (TLAC).

The report is based on information provided by individual members as part of the Regulatory Consistency Assessment Program (RCAP) of BCBS. The Committee urges member jurisdictions to strive for full, timely, and consistent implementation of Basel III post-crisis reforms and will keep monitoring closely the implementation of these reforms.

 

Related Links

Keywords: International, Banking, Basel III, Progress Report, RCAP, Regulatory Framework, BCBS

Related Articles
News

EBA Report Assesses Regulatory Framework for Fintech Activities

EBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.

July 18, 2019 WebPage Regulatory News
News

OSFI Revises Capital Requirements for Operational Risk for Banks

OSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.

July 18, 2019 WebPage Regulatory News
News

OSFI Consults on Revised Principles for Management of Liquidity Risk

OSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.

July 18, 2019 WebPage Regulatory News
News

ESMA Guidance on Disclosures for Credit Rating Sustainability Issues

ESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.

July 18, 2019 WebPage Regulatory News
News

FASB Issues Q&A on Estimation of Expected Credit Losses by Firms

FASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”

July 17, 2019 WebPage Regulatory News
News

US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign Funds

US Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.

July 17, 2019 WebPage Regulatory News
News

SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billion

SRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.

July 17, 2019 WebPage Regulatory News
News

FASB to Propose to Delay CECL Compliance Deadline for Certain Entities

FASB published a summary of the tentative decisions taken at its Board meeting in July 2019.

July 17, 2019 WebPage Regulatory News
News

IMF Publishes Report on 2019 Article IV Consultation with Vietnam

IMF published its staff report in context of the 2019 Article IV consultation with Vietnam.

July 16, 2019 WebPage Regulatory News
News

European Parliament Elects Next President of European Commission

European Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.

July 16, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3476