IFLR Regulatory Capital Survey 2013

SECTION 1: BASEL III IMPLEMENTATION

1.1 How advanced is Basel III implementation in your jurisdiction?

Basel III implementation is essentially complete. Deadlines for its introduction have or are near to being met. In June 2013, the Basel Committee on Banking Supervision issued its report on the assessment of Basel III regulations for Switzerland. As indicated in the report "(t)he adoption of Basel III-based capital rules in Switzerland was completed during 2012".

Indeed, the amendments to the ordinances issued by the Swiss Federal Council and the related circulars of the Swiss Financial Market Supervisory Authority (FINMA) have been adopted in 2012, entered into effect as from January 1 2013 and, taking into account their transitional periods of application, should be fully applicable at the end of 2018.