27 April 2015

BCBS: 8th progress report on adoption of the Basel regulatory framework

This report sets out the adoption status of Basel II, Basel 2.5 and Basel III regulations for each Basel Committee member jurisdiction as of end-March 2015. It updates the Committee’s previous progress reports, which have been published on a semi-annual basis since October 2011.

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. As part of this programme, the Committee periodically monitors the adoption status of the risk-based capital requirements (since October 2011) and (since October 2013) the requirements for global and domestic systemically important banks, the liquidity coverage ratio (LCR) and the leverage ratio.

Regarding the consistency of regulatory implementation, the Committee has published its assessment reports on 19 members, including nine members of the European Union (Australia, Brazil, Canada, China, European Union, Hong Kong SAR, Japan, Mexico, Singapore, Switzerland and United States of America) regarding their implementation of Basel III risk-based capital regulations, which are available on its website. This includes all members who are home jurisdictions of global systemically important banks (G-SIBs). The Committee has also published its assessment reports on the domestic adoption of the Basel LCR standards in Hong Kong SAR and Mexico in March 2015. The assessments of India, Saudi Arabia and South Africa have begun, and include consistency of implementation of both risk-based capital standards and the Basel III LCR standards. By September 2016, the Committee aims to have assessed the consistency of risk-based capital standards of all 27 member jurisdictions.

Regarding the analysis of consistency of regulatory outcomes, the Committee is conducting additional analytical work on risk-weighted asset (RWA) variation in the banking and trading books, which is envisaged to be published during the second quarter of 2015. In addition, measures to address excessive variation are under development, and the Basel Committee expects to publish its progress later this year. The Committee is also considering a proposal for ongoing monitoring of RWA variation from 2015

Full report

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