October 26, 2018

BCBS published the fifteenth 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 September 2018. It includes the finalized Basel III post-crisis reforms published by BCBS in December 2017. These reforms will take effect from January 01, 2022.

Since publishing of the last report in April 2018, member jurisdictions have made further progress in implementing standards whose deadline has already passed or is within the next six months. These include notably the leverage ratio (based on the existing exposure definition), the large exposures framework, and the standard on interest rate risk in the banking book (IRRBB). On requirements for total loss-absorbing capacity (TLAC), 15 member jurisdictions have issued draft or final rules. Similarly, 21 member jurisdictions have issued draft or final rules for the large exposure framework and for IRRBB. However, the report also shows that limited progress has been made on the implementation of other standards whose implementation deadlines have passed. These include notably the net stable funding ratio (NSFR), for which only 10 member jurisdictions have final rules in force. 

 

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

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