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ARTICLE · 16 SEPTEMBER 2010

International Bank Regulatory Capital Requirements

Basel Committee on Banking Supervision Publishes Revised Capital Framework and Phase-In Periods

CanadaFinance and Banking

Basel Committee on Banking Supervision Publishes Revised Capital Framework and Phase-In Periods.

At a meeting on September 12, 2010, the oversight body of the Basel Committee on Banking Supervision (the "Basel Committee"), announced the calibration of a revised capital framework ("Basel III") for major banking institutions, as well as the transition and phase-in roadmap for the revised capital rules. These bank capital reforms will be presented for formal adoption at the G20 Finance Ministers and Central Bank Governors summit to be held in Seoul on November 11 and 12, 2010. National implementation by member countries, including Canada, would begin on January 1, 2013, with member countries translating the rules into national laws and regulations before this date. 

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