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    Central Bank of Bahamas Proposes Approach to the Basel II/III Regime

    August 29, 2018

    The Central Bank of Bahamas issued three papers that propose its approach to the capital requirements, the minimum disclosures, and the framework for dealing with domestic systemically important banks (D-SIBs). The consultation will run from September 01 to October 31, 2018. The aim of the approach is to achieve a Basel III compliant regime, one of the first in the western hemisphere outside the Basel Committee members.

    Discussion paper on capital requirements. The paper describes the proposals of Central Bank of Bahamas for regulation of capital adequacy. It is intended to create an optimal capital regime for the Bahamian banking system, in line with the proportionality principles set out by the Basel Committee.

    Discussion paper on minimum disclosures. The paper outlines the proposed approach of Central Bank of Bahamas to Pillar 3 disclosures. Pillar 3 aims to provide market participants with information on a regulatory capital and risk exposures of a bank. The proposals of the Central Bank of Bahamas intend to optimize the accessibility, consistency, and comparability of financial information of banks, without imposing any additional regulatory burden or costs on supervised financial institutions.

    Discussion paper on D-SIBs. The paper outlines the approach that the Central Bank of Bahamas intends to take toward implementing a framework, which ensures that systemically important banks in Bahamas are subject to more intense supervisory oversight and have greater capacity to absorb losses.

     

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    Comment Due Date: October 31, 2018

     

    Keywords: Americas, Bahamas, Banking, Basel III, Capital Requirements, D-SIBs, Disclosures, Proportionality, Central Bank of Bahamas

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