Basel Committee on Banking Supervision Progress Report on Basel III Implementation

The Basel Committee on Banking Supervision has published its 14th progress report on implementation of the Basel III prudential framework, based on responses from Basel Committee member jurisdictions, and reports the status as of the end of March 2018. The Report sets out in tabular form the results of the Basel Committee's monitoring of the adoption progress of all Basel III standards agreed to date, which will come into effect by 2022. The table omits details of those Basel III standards that have already been implemented by all Basel Committee member jurisdictions. It sets out the ongoing implementation progress of each member jurisdiction on aspects of the risk-based capital standards, leverage ratio requirements, liquidity requirements, the requirements for systemically important banks, interest rate risk in the banking book, the supervisory framework for large exposures and the Pillar 3 disclosure requirements.

The Basel Committee notes that, since the last report published in October 2017, member jurisdictions have made further progress in implementing standards whose implementation deadlines passed at the start of 2018, but limited progress has been made in the implementation of some standards whose implementation deadlines passed in 2017. The Basel Committee urges member jurisdictions to strive for full, timely and consistent implementation of Basel III and will keep monitoring closely the implementation of the reforms.

View the progress report.