Other activities related to implementation and evaluation

The Basel Committee is also involved in other initiatives relating to the implementation of its standards:

• QIS monitoring: The Committee monitors the impact of its standards on a sample of banks on a semiannual basis and compiles the results in Quantitative Impact Studies (QIS).
• G-SIBs - assessment methodology and the additional loss absorbency requirement: The Basel Committee's assessment methodology helps to identify global systemically important banks (G-SIBs) and allocate them to buckets that will be used to determine their higher loss absorbency requirement.
• Countercyclical capital buffer: The Basel Committee's countercyclical capital buffer aims to ensure that banking sector capital requirements take account of the macro-financial environment in which banks operate.

The Committee regularly updates the G20, through the Financial Stability Board (FSB), on member jurisdictions' progress towards implementing the Basel III standards. It is also involved in cross-sectoral thematic evaluations conducted by the FSB:

• Assessing the effects of G20 financial regulatory reforms: The Committee participates in evaluations of the analysis of the effects of G20 reforms conducted by the FSB in collaboration with the standard setting bodies (SSBs). This has included evaluations related to the effects of reforms on securitisations; central clearing of over-the-counter (OTC) derivatives; infrastructure finance; small and medium-sized enterprise (SME) financing; and systematically important banks ("too-big-to-fail").