Securitisation and Regulation News

Basel III: Basel Committee reports on implementation

The Basel Committee on Banking Supervision has published its second progress report on Basel III implementation. The report tracks the implementation of Basel II, Basel 2.5 and Basel III by Committee member countries. It outlines the progress of individual member countries in transforming the Committee's regulatory standards into national law or regulation according to the internationally agreed timeframes.

The Committee has also commenced a programme of peer reviews to assess whether its members' national rules and regulations are consistent with the globally agreed minimum standards. These reviews are intended to identify differences that could raise prudential or level playing field concerns. The methodology used by the Basel Committee to conduct these consistency reviews has also been published. Reviews of the Basel rules adopted by the European Union, Japan and the United States are already underway.

The final component of the Committee's implementation programme entails a review of the results delivered by national rules to determine whether the outcomes are consistent across banks and jurisdictions. The Committee's initial focus is on the calculation of risk-weighted assets in both the banking book and the trading book. The initial findings of these reviews are expected to be presented to the Committee before the end of 2012.

Basel III implementation progress page
Basel III regulatory consistency assessment programme