Featured Product

    BCBS Publishes Progress Report on Implementation of Basel III Reforms

    July 04, 2017

    BCBS published a report for the G20 Leaders updating them on the implementation of Basel III regulatory reforms by its 27 member jurisdictions. The report summarizes steps taken by the Basel Committee member jurisdictions to adopt the Basel III standards, banks' progress in bolstering their capital and liquidity positions, the consistency of implementation in jurisdictions assessed since the Committee's last report, and the Committee's implementation work plan.

    The report reveals that further progress has been made in implementing the Basel III standards. The implementation of capital and liquidity standards has generally been timely and consistent, with banks continuing to build higher and better capital and liquidity buffers. Member jurisdictions continue their efforts to implement other Basel III standards, with good progress in some areas, such as margin requirements for non-centrally cleared derivatives and the net stable funding ratio or NSFR. However, challenges remain in timely regulatory adoption of standards such as the standardized approach for measuring counterparty credit risk (SA-CCR), capital requirements for exposures to central counterparties, and capital requirements for equity investments in funds. Additionally, a considerable number of Basel standards remain due to be transposed into domestic regulations over the next couple of years, including those on market risk capital requirements, limits on large exposures, and securitization.

     

    This report updates G20 Leaders on progress and challenges in the implementation of the Basel III regulatory reforms since August 2016, when the Basel Committee last reported to the G20. This is the sixth such annual report and it summarizes the outcomes of the Regulatory Consistency Assessment Program, or RCAP, of BCBS. Full, timely, and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios, and providing a level playing field for internationally active banks.

     

    Related Links

    Report on Basel III Implementation, July 2017 (PDF)

    Progress Report, August 2016 (PDF)

    RCAP Overview

    Keywords: International, BCBS, Basel III, RCAP, Regulatory Reforms, G20, Banking

    Featured Experts
    Related Articles
    News

    BoE Clarifies Approach to Treatment of Payment Holidays on Form PL

    BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.

    August 11, 2020 WebPage Regulatory News
    News

    BoE Provides Reporting Update on Form AS and Form FV

    BoE updated the known issues document for the statistical reporting Forms AS and FV.

    August 10, 2020 WebPage Regulatory News
    News

    FED Announces Capital Requirements for Large Banks

    FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.

    August 10, 2020 WebPage Regulatory News
    News

    SRB Publishes Guidance on Implementation of Bail-In Tool

    SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.

    August 10, 2020 WebPage Regulatory News
    News

    BIS Publishes Update on G20 TechSprint Initiative

    BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.

    August 10, 2020 WebPage Regulatory News
    News

    OSFI Provides Update on Implementation of IFRS 17 in Canada

    OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.

    August 07, 2020 WebPage Regulatory News
    News

    EBA Provides Clarity on Implementation of Guidance on COVID Reporting

    EBA updated the report on the implementation of selected COVID-19 policies.

    August 07, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5649