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BASEL Committee Releases Status Report

Posted on 10/31/2012

The Basel Committee on Banking Supervision this week published a status report on Basel III's implementation by the committee's member jurisdictions. The report found that eight of the 27 members have issued final regulations, 17 have published draft regulations, and two are in the process of drafting regulations.

The report also found gaps between the international accords and the U.S. and European Union draft rules, and it urged the G20 finance ministers and central bank governors to close those gaps and issue final rules by the accords' January 1, 2013, transitional deadline.

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