Basel III implementation is behind deadline, says committee
Only a third of member jurisdictions have adopted standards
Around a third of 28 member jurisdictions have implemented all or most Basel III standards, the Basel Committee on Banking Supervision (BCBS) reported in its latest update on the adoption of reforms designed to safeguard financial stability.
Implementation is running behind the extended deadline set by the oversight body of the Basel Committee: January 1, 2023.
The standards include reporting metrics on banks’ risk-based capital, the liquidity coverage ratio and the net-stable funding ratio
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