Featured Product

    BCBS Report Examines Progress on Adoption of Basel Framework

    October 16, 2019

    BCBS published the seventeenth progress report on adoption of Basel regulatory framework. The report sets out the adoption status of Basel III standards for each member jurisdiction as of the end of September 2019. This includes the Basel III post-crisis reforms published by BCBS in December 2017 and the finalized minimum capital requirements for market risk published in January 2019. The report highlights that significant progress has been observed in the implementation of the disclosure framework. Moreover, since the previous report in May 2019, member jurisdictions have made further progress in implementing capital requirements for bank exposures to central counterparties, with twenty-four member jurisdictions having issued draft or final rules.

    As of the end of September 2019, all 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. With regard to the global systemically important bank (G-SIB) requirements published in 2013, all members that are home jurisdictions to G-SIBs have final rules in force. Twenty-one member jurisdictions have issued final rules for the revised securitization framework. Other key highlights of the report include:

    • Nineteen jurisdictions have final rules in place for capital requirements for equity investments in funds.
    • Ten jurisdictions have issued final rules for revised minimum requirements for market risk either for capital or reporting purposes.
    • The leverage ratio based on the existing (2014) exposure definition has been partly or fully implemented in twenty-six member jurisdictions, whereas thirteen jurisdictions have issued draft or final rules for the leverage ratio based on the revised (2017) exposure definitions.
    • Twenty-six member jurisdictions have issued draft or final rules for the standardized approach for measuring counterparty credit risk exposures, or SA-CCR.
    • Significant progress has been made in implementing the standard on interest rate risk in the banking book and the supervisory framework for measuring and controlling large exposures, with the number of jurisdictions that have issued draft or final rules increasing to twenty-four and twenty-five, respectively. 
    • Moreover, twenty-two member jurisdictions have issued draft or final rules for the net stable funding ratio or NSFR. 

    While BCBS welcomes the overall progress made on the implementation of standards by member jurisdictions, it urges the members to strive for full, timely, and consistent implementation of Basel III post-crisis reforms and plans to continue monitoring the implementation of these reforms. Additionally, BCBS plans to complete its review of the implementation of the NSFR and the large exposures framework for all member jurisdictions by March 2021.

     

    Related Links

    Keywords: International, Banking, Basel III, Progress Report, NSFR, SA-CCR, IRRBB, Large Exposures, BCBS

    Featured Experts
    Related Articles
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    News

    PBC Issues List of Systemic Banks, Adds 2 Foreign Banks to CERB List

    The China Banking and Insurance Regulatory Commission (CBIRC) published the administrative measures for internal control of wealth management companies, which come into force on the day of promulgation.

    September 09, 2022 WebPage Regulatory News
    News

    PRA Publishes Discussion Paper on Its Future Approach to Policy

    The Prudential Regulation Authority (PRA) proposed its approach to policy-making as it takes on wider rulemaking responsibilities under the Financial Services and Markets Bill.

    September 08, 2022 WebPage Regulatory News
    News

    ECB Publishes Opinion on Proposed Regulation on Data Act

    The European Central Bank (ECB) published its opinion on the proposal for a regulation on harmonized rules on fair access to and use of data (Data Act).

    September 08, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8511