The Basel Committee on Banking Supervision has today issued the Twelfth progress report on adoption of the Basel regulatory framework.
This report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2017. It updates the Committee’s previous progress reports which have been published on a semiannual basis since October 2011 under the Committee’s Regulatory Consistency Assessment Programme (RCAP).
The report shows that:
- all 27 member jurisdictions have final risk-based capital rules, 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 banks (D-SIBs) frameworks and, with regards to the global systemically important banks (G-SIBs) framework, all members that are home jurisdictions to G-SIBs have final rules in force;
- 20 have issued final or draft rules for margin requirements for non-centrally cleared derivatives.
Further, while some members have reported challenges in implementing the following standards for which the implementation dates have now passed, the report shows that:
- 21 member jurisdictions have issued final or draft rules of the revised Pillar 3 framework;
- 19 have issued final or draft rules of the SA-CCR and capital requirements for equity investments in funds;
- 17 have issued final or draft rules of capital requirements for CCP exposures.
Member jurisdictions are now turning to the implementation of other Basel III standards, including those on TLAC holdings, the market risk framework, the leverage ratio and the net stable funding ratio.