Basel Committee on Banking Supervision issues FAQs on Basel III countercyclical capital buffer

BASEL, 22-10-2015 — /EuropaWire/ — To promote consistent implementation of the Basel III countercyclical capital buffer, the Basel Committee on Banking Supervision has issued frequently asked questions and other supporting information.

The information published today includes a list of all prevailing and pre-announced buffers, as well as developments related to domestic rule-making. The information is presented for both Basel Committee member jurisdictions, as well as select non-member jurisdictions. The dedicated website can be found here. This webpage will be updated as jurisdictions inform the Committee of changes to domestic countercylical capital buffer requirements. Interested stakeholders can sign up for a email alert when information is updated.

The countercyclical capital buffer requirement, when activated by member jurisdictions, will be phased in from 1 January 2016.

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SOURCE: BIS