Basel III endgame adoption more than doubles
Annual monitoring exercise shows progress, but US and some emerging markets lag behind
The past year marked a leap forward for Basel III adoption, as the number of jurisdictions with final rules in place for the “endgame” more than doubled.
Data published today (October 2) by the Basel Committee on Banking Supervision shows a sharp increase in the number of rules from the revised 2017 version of Basel III that are being adopted at the national level.
The number of jurisdictions implementing the output floor rose from seven to 19; adoption of the revised operational risk framework
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