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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.

 

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

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