Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks. This report updates G20 Leaders on progress in adopting the Basel III regulatory reforms since the Basel Committee on Banking Supervision issued its April 2013 report.
The report covers the steps taken by Basel Committee member jurisdictions towards implementing the Basel III standards, the further harmonisation of capital regulations across member jurisdictions and the finalisation of remaining post-crisis reforms that form part of the Basel regulatory framework. The report also includes the findings of the Committee's work on banks' calculation of risk-weighted assets.