As final rules emerge and are finalised, it is time for banks to focus firmly on the implementation of the Basel 3 final reforms, commonly referred to as Basel 4.
Implementation was delayed due to the pandemic, but regulators around the globe are now pushing ahead with their plans. The Basel Committee on Banking Supervision has been clear that a ‘full and consistent’ implementation of the framework should be targeted ‘as soon as possible’. However, different jurisdictions are moving at different speeds and banks may need to consider multiple approaches and timelines.
