China, Turkey lead regulatory laggards on Basel III framework
Argentina, Australia, Brazil, Japan and Korea made no progress at all since May 2020
Capital and liquidity rules written by the Basel Committee were put into effect by a host of member jurisdictions over the 14 months to September, the organisation’s latest progress report shows.
However, the majority of the jurisdictions scrutinised made little or no progress over the period, with China and Turkey the worst performers.
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China continues to be the laggard of the 28 members, with eight out of the 19 rule changes meant to have been completed by now still not in force
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