The Basel Committee on Banking Supervision (BCBS) issued its sixteenth progress report on the adoption of the Basel III standards for each member jurisdiction based on data from end-March 2019 collected through the Regulatory Consistency Assessment Programme (RCAP). The report considers the status of adoption of the Basel III post-crisis reforms published by the BCBS in December 2017 and the finalised market risk framework published in January 2019. Since the previous progress report, published in October 2018, member jurisdictions have made progress in implementing standards for which the deadlines have already passed, e.g., the revised securitisation framework and the leverage ratio based on the existing (2014) exposure definition. However, progress has been limited in the implementation of other standards, which many jurisdictions have yet to be finalised and put into effect, e.g. the net stable funding ratio (NSFR), for which final rules are in force in only 11 member jurisdictions despite the January 2018 deadline. 

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