On 7 May 2019, the Basel Committee on Banking Supervision (Basel Committee) published its sixteenth progress report on the adoption of the Basel III regulatory framework. The report sets out the adoption status of the Basel III standards for each Basel Committee member jurisdiction as of end-March 2019.

Key updates as regards the adoption of the Basel II standards include:

• as of end-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 have final rules in force for the countercyclical capital buffer and the domestic systemically important bank (D-SIB) 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;
• 26 member jurisdictions have issued draft or final rules for the net stable funding ratio (NSFR), and 21 member jurisdictions have issued final rules for the revised securitisation framework;
• nineteen member jurisdictions have issued draft or final rules for the requirements for total loss-absorbing capacity holdings, 24 have issued draft or final rules for the large exposure framework (LEX), and 23 have issued draft or final rules for the standard on interest rate risk in the banking book; and
• limited progress has been observed in the effective implementation of capital requirements for equity investments in funds, standardised approach for measuring counterparty credit risk exposures and capital for central counterparties.

The Basel Committee welcomes the overall progress made on the implementation of standards by member jurisdictions, however it urges them to strive for full, timely and consistent implementation of the Basel III reforms. In 2018, the Basel Committee also started assessing the consistency of implementation of the NSFR and the LEX framework. The report notes that the Basel Committee plans to complete its review of the implementation of the NSFR and the LEX framework for all member jurisdictions by March 2021.