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The 2008 survey findings indicate that the new capital framework will be implemented by the overwhelming majority of non-BCBS countries.
105 countries have implemented or are currently planning to implement Basel II. Thirty-one jurisdictions had implemented Basel II by the end of 2007 and by the end of 2008 as many as 57 jurisdictions will have implemented Basel II.
The survey responses reveal that each of the three credit risk approaches under Basel II will be implemented by more countries than indicated by the 2006 survey results. Similar trends are evident for the operational risk approaches.
The survey indicates that a large number of jurisdictions will be offering the advanced approaches for credit risk and operational risk under Pillar 1. As many as 56 jurisdictions will be offering Advanced IRB for credit risk and 49 jurisdictions will be offering AMA for operational risk by the year 2015.
The 2008 survey results indicate that 77 jurisdictions will be implementing Pillars 2 and 3 by 2015. In the short run up to 2009, however, a significant number of countries appear to have deferred their implementation plans for Pillars 2 and 3.