FSI report shows country-specific plans for Basel II implementation in non-BCBS countries
The report updates 2004 global results for Basel II preparation.
Nearly 100 countries not represented on the Basel Committee on Banking Supervision (BCBS) are currently planning to implement Basel II, according to a report released by the Financial Stability Institute. ‘Implementation of the new capital adequacy framework in non-Basel Committee member countries’ provides an update to the FSI’s survey on non-BCBS Basel II preparations that the institute completed in 2004.
The study found that, compared with the 2004 results, more of the 95 countries planning to implement the revised Accord will use each of the credit risk and operational risk approaches.
More countries are aiming to implement Pillars I and III by 2015, and most of these countries will implement both pillars at the same time.
The FSI concluded that Basel II plans are far more advanced than was indicated in the 2004 study, evidenced by a wider range of Pillar I approaches and greater specificity about the timing of implementation.
Click here to see the report on the BIS website.
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