The Basel Committee on Banking Supervision (Basel Committee) has published the twelfth progress report on adoption of the Basel III regulatory framework. The updated progress report provides a high-level view of Basel Committee members’ progress in adopting Basel III standards as of end-March 2017.
As of end-March 2017, all 27 member jurisdictions have final risk-based capital rules, liquidity coverage ratio (LCR) regulations and capital conservation buffers in force. 26 member jurisdictions have issued final rules for the countercyclical capital buffers, 25 have issued final or draft rules for domestic systemically important bank frameworks, 20 have issued final or draft rules for margin requirements for non-centrally cleared derivatives and 20 have issued final or draft rules for monitoring tools for intra-day liquidity management. With regard to the global systemically important bank (G-SIBs) framework, all members that are home jurisdictions to G-SIBs have final rules in force.
The deadlines for adopting requirements for equity investments in funds, the standardised approach for measuring counterparty credit risk (SA-CCR), bank exposures to central counterparties (CCPs) and Pillar 3 disclosure have passed. Some Basel Committee members have reported challenges in implementing these standards. Notwithstanding this, 21 member jurisdictions have issued final or draft rules on the revised Pillar 3 framework, 19 have issued final or draft rules on the SA-CCR and capital requirements for equity investments in funds and 17 have issued final or draft rules on capital requirements for CCP exposures. Member jurisdictions are now turning to the implementation of other Basel III standards, including those on total loss absorbing capacity holdings, the market risk framework, the leverage ratio and the net stable funding ratio.
View BCBS April 2017 progress report on implementation of Basel regulatory framework, 25 April 2017