May 07, 2019

BCBS published the sixteenth progress report on adoption of the Basel regulatory framework. The report sets out the adoption status of Basel III standards for each member jurisdiction as of the end of March 2019. This includes the Basel III post-crisis reforms published by BCBS in December 2017 and the finalized market risk framework published in January 2019. These reforms will take effect from January 01, 2022.

As of the end of March 2019, all 27 member jurisdictions have risk-based capital rules, liquidity coverage ratio (LCR) regulations, and capital conservation buffers in force. Twenty-six member jurisdictions also have final rules in force for the countercyclical capital buffer and the domestic systemically important bank (D-SIB) requirement. Since publishing of the last report in October 2018, member jurisdictions have made further progress in implementing standards for which the deadline has already passed. These include notably the revised securitization framework and the leverage ratio based on the existing (2014) exposure definition. Other key highlights on the adoption of Basel III standards are as follows:

  • Nineteen member jurisdictions have issued draft or final rules for the requirements for total loss-absorbing capacity (TLAC) holdings.
  • Twenty-four member jurisdictions have issued draft or final rules for the large exposure framework, with only eight jurisdictions having the final rules in force for this standard, which took effect in January 2019.
  • Twenty-three member jurisdictions have issued draft or final rules for the standard on interest rate risk in the banking book (IRRBB). 
  • Twenty-one member jurisdictions have issued final rules for the revised securitization framework.
  • For the net stable funding ratio (NSFR), the final rules are in force in only 11 member jurisdictions, although this standard took effect on January 01, 2018. 
  • Limited progress has been observed in the effective implementation of capital requirements for equity investments in funds, standardized approach for counterparty credit risk (SA-CCR), and capital for central counterparties.

BCBS welcomes the overall progress made on the implementation of standards by member jurisdictions; however, it urges the members to strive for full, timely, and consistent implementation of Basel III post-crisis reforms and will continue monitoring closely the implementation of these reforms. BCBS will continue to closely monitor the implementation of Basel standards, including the finalized Basel III reforms.


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

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