On 23 November 2018, the Basel Committee on Banking Supervision (Committee) published a report summarising the steps taken by its members to adopt the Basel III standards, banks’ progress in bolstering their capital and liquidity positions, the consistency of implementation in jurisdictions since the Committee’s last report and the Committee’s implementation work plan.
The report provides that overall, further progress has been made since last year’s update to the G20 leaders in implementing the Basel III standards in a full, timely and consistent manner. In addition, banks have continued to build capital and liquidity buffers while reducing their leverage.
However, the report also notes that some challenges remain, particularly regarding the timely regulatory adoption of the Basel standards. This is notably the case for the net stable funding ratio with only 10 member jurisdictions having final rules in force.