Basel Committee Urges Full, Timely, and Consistent Implementation of Basel III Reforms

Basel Committee Urges Full, Timely, and Consistent Implementation of Basel III Reforms

 

According to a recent progress report from the Basel Committee on Banking Supervision, a full, timely, and consistent implementation of Basel III post-crisis reforms by member jurisdictions is expected.

 

Since the last report published in October 2017, member jurisdictions have made further progress in implementing standards. The report highlights that:

  • The leverage ratio, based on the existing exposure definition, is now enforced in most member jurisdictions;
  • 24 member jurisdictions have issued draft or final rules for the Net Stable Funding Ratio;
  • 19 member jurisdictions have issued draft or final rules for the revised securitization framework;
  • Limited progress has been made in the implementation of some technical standards whose implementation deadlines passed in 2017. These include the standardized approach for measuring counterparty credit risk exposures and the capital requirements for bank exposures to central counterparties and for equity investments in funds; and
  • Member jurisdictions continue to work towards implementing Basel III standards that have an implementation deadline within the next 12 months. These include the supervisory framework for measuring and controlling large exposures, the standard for interest rate risk in the banking book, and the requirements for total loss-absorbing capacity.
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