Basel Committee flags shortfalls in implementation
Committee notes many jurisdictions have experienced delays in various areas
Despite progress in the past year, the global adoption of the Basel III framework is still suffering from shortcomings in many areas, warns the Basel Committee on Banking Supervision.
Domestic rules on the standardised approach for measuring counterparty credit risk, capital requirements for exposures to central counterparties and capital requirements for equity investments in funds are particularly delayed in many jurisdictions, the committee says.
Key elements of Basel III have “generally”
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