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    BCBS on NSFR and Large Exposure Rules in HK, Indonesia, and Singapore

    March 19, 2020

    BCBS published reports assessing the implementation of net stable funding ratio (NSFR) standard and the large exposures framework in Hong Kong SAR, Indonesia, and Singapore. The assessments found that the NSFR and large exposures regulations in each of these jurisdictions are compliant with the global standards of the Basel Committee. The assessments were conducted against the final BCBS-published NSFR standard from October 2014 and large exposures framework from April 2014.

    These publications form part of the Committee's Regulatory Consistency Assessment Program (RCAP), a series of reports on the implementation of Basel standards by member jurisdictions of the Basel Committee. The Basel Committee plans to complete its review of the implementation of the NSFR and large exposures standards for all member jurisdictions in 2021. RCAP is a central element of the Basel Committee's continuing efforts to promote timely adoption of its standards and to monitor its members' full and consistent compliance with the Basel Framework. Through RCAP, the Basel Committee monitors the timely adoption of regulations by its members, assesses their consistency with the Basel framework, and examines the consistency of banks' calculation of the prudential ratios across jurisdictions. RCAP helps member jurisdictions to identify deviations from the framework, weigh the materiality of any deviations, and undertake necessary reforms. Based on the findings of these assessments, many assessed jurisdictions have already amended their regulations to align them more closely with the Basel Framework, thus helping to promote global financial stability and achieve a level playing field for internationally active banks.

     

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    Keywords: Asia Pacific, Hong Kong, Indonesia, Singapore, Banking, NSFR, Large Exposures, RCAP, Basel III, BCBS

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