On 26 October 2018, the Basel Committee on Banking Supervision (BCBS) published their fifteenth progress report on the adoption of the Basel regulatory framework (the Report). The Report sets out the adoption status of Basel III standards for each member jurisdiction of the BCBS as of end-September 2018. All 27 member jurisdictions have risk-based capital rules, liquidity coverage ratio 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 requirement. With regard to the global systemically important bank (G-SIB) requirements published in 2013, all members that are home jurisdictions to G-SIBs have final rules in force. 25 member jurisdictions have now issued draft or final rules for the net stable funding ratio, and 20 member jurisdictions have issued draft or final rules for the revised securitisation framework. Limited progress has been noted on the implementation of capital requirements for equity investment funds.
The BCBS urges member jurisdictions to strive for the full, timely and consistent implementation of Basel III post-crisis reforms and will continue to monitor the implementation of these reforms.