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ARTICLE · 22 DECEMBER 2010

Basel Committee Releases Basel III Rules Text

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The Basel Committee yesterday issued the Basel III rules text, which contains details of the global regulatory standards for bank capital adequacy and liquidity agreed to by the Governors and Heads of Supervision (GHOS) and endorsed by the G20 leaders at their November Seoul summit.

CanadaFinance and Banking
Blair Keefe
Blair Keefe
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The Basel Committee yesterday issued the Basel III rules text, which contains details of the global regulatory standards for bank capital adequacy and liquidity agreed to by the Governors and Heads of Supervision (GHOS) and endorsed by the G20 leaders at their November Seoul summit. The Committee also published the results of its comprehensive quantitative impact study.

The rules text is consistent with the September 12 agreement reached by GHOS on capital, but includes some important clarifications and further details on the operation of the new requirements.

This bulletin highlights some of the more important clarifications related to deductions from capital and the transition provisions relating to non-qualifying capital instruments.

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