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

    APRA Revises Standard on Margin Rules for Uncleared Derivatives

    APRA revised CPS 226, which is the prudential standard on margin and risk mitigation requirements for non-centrally cleared derivatives.

    September 19, 2019 WebPage Regulatory News
    News

    PRA Issues Consultation on Prudent Person Principle Under Solvency II

    PRA, via the consultation paper CP22/19, has set out its proposed expectations for investment by firms, in accordance with the Prudent Person Principle (PPP).

    September 18, 2019 WebPage Regulatory News
    News

    EIOPA Forms Consultative Expert Group on Digital Ethics in Insurance

    EIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.

    September 17, 2019 WebPage Regulatory News
    News

    FDIC Approves Proposal to Amend Swap Margin Rule

    FDIC approved what would be a joint proposal by the US Agencies (FCA, FDIC, FED, FHFA, and OCC) to amend regulations that require swap dealers and security-based swap dealers under the agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared (Swap Margin Rule).

    September 17, 2019 WebPage Regulatory News
    News

    FASB Proposes Taxonomy Changes Related to Topics 848 and 470

    FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Statement on Recalculating Transitional Measures Under Solvency II

    BoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Hosts Conference to Discuss Issues from Emergence of Stablecoins

    BIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Paper on Embedded Supervision of Blockchain-Based Financial Market

    BIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Paper on Market-Implied Systemic Risk and Shadow Capital Adequacy

    BoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.

    September 13, 2019 WebPage Regulatory News
    News

    HKMA Consults on Policy Module on Pillar 2 Supervisory Review Process

    HKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.

    September 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3830