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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-September 2014. It updates the Committee’s previous progress reports, which have been published on a semiannual 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 the requirements for global and domestic systemically important banks, the liquidity coverage ratio (LCR) and the leverage ratio (since October 2013).
Regarding the consistency of implementation, the Committee has published its assessment reports on seven members (Australia, Brazil, Canada, China, Japan, Singapore and Switzerland) regarding their implementation of Basel III risk-based capital regulations, which are available on its website. Consistency assessments of the European Union and the United States are currently being concluded. The assessments of Hong Kong SAR, India, Mexico and South Africa have begun, and include consistency of implementation of both risk-based capital standards and the Basel III LCR standards. By early 2015, the Committee will have assessed the consistency of risk-based capital standards adopted by 19 of its 27 member jurisdictions and all members who are home jurisdictions for global systemically important banks (G-SIBs).
Regarding the analysis of regulatory outcomes, the Committee has conducted additional analytical work on risk-weighted asset (RWA) variation in the banking and trading books, which is envisaged to be published during the first half of 2015. In addition, measures to address excessive variation are under development, and the Basel Committee expects to publish its progress later this year.