09 October 2013

BIS: Progress report on implementation of the Basel regulatory framework

It focuses on the status of domestic rule-making processes to ensure that the Committee's capital standards are transformed into national law or regulation according to the internationally agreed timeframes. The Committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements.

This report updates the Committee's August 2013 report to G20 Leaders on implementation of the Basel regulatory framework. It also updates the Committee’s previous semiannual progress reports published in October 2011, April 2012, October 2012 and April 2013.

In 2012, the Basel Committee started the Regulatory Consistency Assessment Programme (RCAP) to monitor progress in introducing regulations, assess their consistency and analyse regulatory outcomes.

Regarding the consistency of implementation, the Committee recently published the assessment reports on China’s and Switzerland’s implementation of Basel III risk-based capital regulations, following a similar assessment of Singapore and Japan, and preliminary assessments of the European Union and the United States.

Currently, assessments of Brazil and Australia are under way, and assessments of Canada, the European Union and the United States will begin later in 2013.

Regarding regulatory outcomes, the Committee published its analysis on the measurement of risk-weighted assets for banking book assets in July 2013. A report on the risk-weighting of trading book assets was published in January 2013.

The attached table outlines the adoption status of the risk-based capital requirements, the requirements for global and domestic systemically important banks, the Liquidity Coverage Ratio (LCR) and the leverage ratio by the Committee member jurisdictions. For jurisdictions that are not members of the Committee, the Financial Stability Institute of the Bank for International Settlements published the results of its survey on Basel III’s adoption status in July 2013.

Press release

Full progress report

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