The Basel Committee on Banking Supervision today issued Basel III frequently asked questions. To promote consistent global implementation of Basel III, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary.
The Basel Committee has received a number of interpretation questions related to the December 2010 publication of the Basel III regulatory frameworks for capital and liquidity and the 13 January 2011 press release on the loss absorbency of capital at the point of non-viability. Today’s publications set out the first set of FAQs that relate to the definition of capital and the liquidity sections of the Basel III framework.
