BCBS Issues Sixteenth Progress Report on Adoption of Basel Framework
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
Previous Article
PRA Issues Systemic Risk Buffer Rates for Ring-Fenced BanksRelated Articles
|
News
EBA Report Assesses Regulatory Framework for Fintech ActivitiesEBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Revises Capital Requirements for Operational Risk for BanksOSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.
July 18, 2019
WebPage
Regulatory News
|
|
News
OSFI Consults on Revised Principles for Management of Liquidity RiskOSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.
July 18, 2019
WebPage
Regulatory News
|
|
News
ESMA Guidance on Disclosures for Credit Rating Sustainability IssuesESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.
July 18, 2019
WebPage
Regulatory News
|
|
News
FASB Issues Q&A on Estimation of Expected Credit Losses by FirmsFASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”
July 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign FundsUS Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.
July 17, 2019
WebPage
Regulatory News
|
|
News
SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billionSRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.
July 17, 2019
WebPage
Regulatory News
|
|
News
FASB to Propose to Delay CECL Compliance Deadline for Certain EntitiesFASB published a summary of the tentative decisions taken at its Board meeting in July 2019.
July 17, 2019
WebPage
Regulatory News
|
|
News
IMF Publishes Report on 2019 Article IV Consultation with VietnamIMF published its staff report in context of the 2019 Article IV consultation with Vietnam.
July 16, 2019
WebPage
Regulatory News
|
|
News
European Parliament Elects Next President of European CommissionEuropean Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.
July 16, 2019
WebPage
Regulatory News
|
