Progress report on adoption of the Basel regulatory framework

This version

BCBS  | 
Implementation reports
14 October 2021
Status:  Current

This updated progress report sets out the jurisdictional adoption status of Basel III standards as of end-September 2021 based on information provided by all Committee member jurisdictions. It focuses on the status of adoption of all Basel III standards in relation to the internationally agreed time frame, including the Basel III post-crisis reforms published by the Committee in December 2017 and the finalised minimum capital requirements for market risk in January 2019, which according to the announcement made by Governors and Heads of Supervision in March 2020, will take effect from 1 January 2023.

The report shows that over the past year member jurisdictions have made further progress in adopting the Basel III standards despite the disruptions resulting from Covid-19 and the required shift in regulatory and supervisory priorities. It is complemented by a newly developed dashboard to reflect the full history of Basel III implementation and provide an overview of the progress up to date. The dashboard  will be updated regularly and is intended to replace the existing report publications. 

In addition to periodically reporting on the status of adoption, all Committee member jurisdictions undergo an assessment of the consistency of their domestic rules with the Basel standards and that work is expected to resume soon after it was suspended in 2020 in response to Covid-19.