BCBS Publishes Basel III Monitoring Updates in June 2021
BCBS published Version 4.2.3 of the Basel III monitoring workbook, along with the updated frequently asked questions (FAQs) on Basel III monitoring. The updates are in reference to the collection of December 2020 data. Answer to a new question on counterparty credit risk has been added in the FAQs. BCBS also notes that it is important that banks should only use the workbook obtained from their respective national supervisory agency to submit their returns because these workbooks are adjusted to reflect the particularities of the regulatory frameworks in participating countries.
BCBS monitors the impact of Basel III global regulatory framework for more resilient banks and banking systems, Basel III leverage ratio framework and disclosure requirements, Basel III liquidity coverage ratio and liquidity risk monitoring tools, Basel III net stable funding ratio, and the final Basel III post-crisis reforms on a sample of banks. The exercise is repeated semi-annually, with end-December and end-June reporting dates. Additionally, worksheets have been added to collect data on the ongoing policy initiatives of BCBS.
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Keywords: International, Banking, Basel III Monitoring, FAQ, Data Collection, Basel, Reporting, BCBS
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