BCBS Finalise Basel III Reforms

December 7, 2017

The Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed the outstanding Basel III post-crisis regulatory reforms. This package of reforms completes the global reform of the regulatory framework and includes the final versions of the rule updates for the standardised approach for credit risk, the internal ratings-based approach, CVA risk, operational risk and leverage ratio requirements (implementation date of 1st January 2022).

Other updates include a revised implementation date for the market risk framework (FRTB) of 1st January 2022 (previously 2019), plus details of applicable floors and transitional arrangements.

For further information, please refer to the full press release here.

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