The Basel Committee on Banking Supervision has issued its tenth progress report concerning its members’ implementation of the Basel III standards. It details the state of play as at the end of March 2016.

The report notes that as of March 2016, all 27 member jurisdictions have final risk-based capital rules, liquidity coverage regulations and capital conservation buffers in force. 24 members have issued final rules for the countercyclical capital buffer and 23 have issued final or draft rules for their domestic systemically important bank (SIB) framework. With regard to the framework for global SIBs (G-SIBs), all members that are home jurisdictions to G-SIBs have the final framework in force. Members are now turning to the implementation of other Basel III standards, including the leverage ratio and the net stable funding ratio.

Regarding the consistency of regulatory implementation, the Basel Committee has published its assessment reports on 24 members. By the end of 2016, the Basel Committee aims to have assessed the consistency of risk-based capital standards of all 27 member jurisdictions and the consistency of G-SIBs standards of all five member jurisdictions that are home jurisdictions of G-SIBs. The remaining three jurisdictions are South Korea, Argentina and Indonesia.

View BCBS tenth progress report on implementation of Basel regulatory framework, 11 April 2016