Basel members make progress on regulatory alignment

Of the 98 flaws in national implementations of Basel III identified, most have been addressed by competent authorities

The international standard-setting body for banking supervision released details of member jurisdictions’ efforts to address shortcomings in implementing agreed risk-based capital, liquidity and systemic risk rules, which show that most countries are taking steps to harmonise their regulations – though some are dragging their feet. 

The Basel Committee identified 32 ‘material findings’ – meaning areas in which local regulations deviated from agreed rules – across 19 member jurisdictions