Basel Committee has examined EU, USA and Japan

Date 01/10/2012

The EU's introduction of the Basel Committee's capital adequacy regulations has now been examined by the Basel Committee. The assessment of the EU is a step in the Basel Committee's newly-initiated work on examining that all of the relevant countries' regulations comply in practice with the Basel capital adequacy rules in accordance with the agreement. The assessments cover all of the Basel Committee's member states, but as a first step they have chosen to focus on the EU, the USA and Japan. These reports were published on Monday on the Basel Committee's website.

 

The different parts of Basel III will come into force step by step over the coming years, starting in 2013.