Featured Product

    BCBS Issues Sixteenth Progress Report on Adoption of Basel Framework

    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.


    Related Links

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

    Featured Experts
    Related Articles
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Reports Assess Impact of Pandemic on Financial Stability

    FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.

    November 17, 2020 WebPage Regulatory News
    News

    RBNZ Consults on Implementation of Capital Review Changes

    RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.

    November 17, 2020 WebPage Regulatory News
    News

    IASB Announces Andreas Barckow as the New Chair from July 2021

    The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.

    November 17, 2020 WebPage Regulatory News
    News

    HKMA Consults on Capital Rules for Bank Equity Investments in Funds

    HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.

    November 17, 2020 WebPage Regulatory News
    News

    ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA

    ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).

    November 17, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6153