The Basel Committee on Banking Supervision on Oct. 19 released its eleventh progress report on the adoption of the Basel regulatory framework. The report showed that 27 member jurisdictions have finalized risk-based capital rules and 26 have issued final rules for countercyclical capital buffers.
The report stated that while members are now turning to the implementation of other Basel III standards, including the leverage ratio and the net stable funding ratio, some member jurisdictions reported challenges in meeting the agreed implementation deadlines for some standards. This includes capital requirements for CCP exposures, which face a January 2017 deadline.
Separately, on Sept. 28 the Basel Committee issued frequently asked questions on the global supervisory framework for measuring and controlling large exposures. The Committee decided to maintain the previously announced treatment for exposures to qualifying central counterparties related to clearing activities. As a result, the framework, which will take effect January 2019, will exempt from the large exposure limit exposures to QCCPs related to central clearing.
