RE: On the rise!31 May 2021 09:21
Basel III wont be implemented on June 31st as far as I can see. This is from the Basel Committee on Banking Supervision
Implementation of Basel standards, a report to G20 Leaders on implementation of the Basel III regulatory reforms, No 2020
•The implementation date of the Basel III standards finalised in December 2017 has been deferred
by one year to 1 January 2023. The accompanying transitional arrangements for the output floor
have also been extended by one year to 1 January 2028.
• The implementation date of the revised market risk framework finalised in January 2019 has been
deferred by one year to 1 January 2023.
• The implementation date of the revised Pillar 3 disclosure requirements finalised in
December 2018 has been deferred by one year to 1 January 2023.