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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 2014. It updates the Committee’s previous progress reports published on semi-annual frequency since October 2011. In addition, the report contains an overview of recently completed assessments on the consistency of domestic capital regulations with respect to the Basel III standards.
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, 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.
Regarding the consistency of implementation, the Committee recently published the assessment reports on Australia, Brazil and China regarding their implementation of Basel III risk-based capital regulations, following similar assessments of Switzerland, Singapore and Japan, and preliminary assessments of the European Union and the United States (see Annex 1). The reports are available on the website of the Bank for International Settlements. Currently, assessments of Canada, the European Union and the United States are under way, and assessments of Hong Kong and Mexico will begin in the course of 2014.
Regarding the analysis of regulatory outcomes, the Committee published its second report on the measurement of risk-weighted assets in the trading book in December 2013. A report on the risk-weighting of banking book assets was published in July 2013.