REGULATION
Capital and liquidity
Basel Committee examines Basel III implementation
The Basel Committee published its Report to G20 Finance Ministers and Central
Bank Governors on Basel III implementation on 31 October
2012. The report finds that, generally, there has been significant
progress since the publication of the previous report in June
2012.
The Basel Committee found:
- eight of the 27 Basel Committee members had now issued final
regulations on Basel III standards
- 17 members have published draft regulations
- two are in the process of drafting regulations.
The Basel Committee has undertaken assessments on draft
regulations in the EU and US, and these jurisdictions now have the
opportunity to address gaps as they finalise their rules. But both
jurisdictions must apply significant efforts to ensure that they
are ready for 1 January 2013 Basel III implementation date.
