BCBS Issues Follow-Up Reports on Basel III Implementation Assessments
BCBS published a report summarizing the follow-up actions taken or planned by member jurisdictions as of the end of 2018; these actions are intended to address deviations from the Basel standards identified as part of the Regulatory Consistency Assessment Program (RCAP). The follow-up actions pertain to the assessments of risk-based capital and liquidity coverage ratio (LCR) regulations that were completed and published as of the end of 2017.
Also published were the follow-up assessments on each jurisdiction, alongside the original RCAP reports. These follow-up assessments are based on self-reporting and were prepared by the authorities in each jurisdiction that was assessed. The actions taken or planned have not been reviewed or evaluated by the Basel Committee. The follow-up reports for the assessments completed and published as of the end of 2018 will be published in 2020. This will cover, for the first time, assessments of BCBS members' regulations to implement global standards for the net stable funding ratio (NSFR) and the framework for measuring and controlling large exposures.
Related Links
Keywords: International, Banking, RCAP, Basel III, Self-Assessment, LCR, NSFR, BCBS
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
OCC Prohibits Banks from Disclosing Non-Public OCC InformationRelated Articles
HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol
HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.
FSB Sets Out Roadmap for Transition to Alternative Reference Rates
FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).
HM Treasury Publishes Response to Proposal on BRRD2 Transposition
HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).
HM Treasury Publishes Response to Proposal on CRD5 Transposition
HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.
PRA Updates Supervisory Statement on Counterparty Credit Risk
PRA published the final policy statement PS22/20, which contains the updated supervisory statement SS12/13 on counterparty credit risk.
FSB Publishes Update on Work to Address Market Fragmentation
FSB published an update on its work to address market fragmentation. FSB is working in this area in collaboration with the other standard-setting bodies.
EBA Proposes to Revise Guidelines on Incident Reporting Under PSD2
EBA proposed revisions to the guidelines on major incident reporting under the second Payment Service Directive (PSD2).
EBA Finalizes Standards for Prudential Treatment of Software Assets
EBA published the final draft regulatory technical standards specifying the methodology for prudential treatment of software assets by banks.
FSB Publishes Roadmap on Cross-Border Payments, Report on Stablecoins
FSB published a report presenting the roadmap to enhance cross-border payments by providing a high-level plan that sets ambitious but achievable goals and milestones in the five focus areas.
EIOPA Urges Insurers to Prepare for End of Brexit Transition
In a recent communication, EIOPA urged the insurance sector to complete its preparations for the end of the Brexit transition period on December 31, 2020.
