Basel III Reforms Package & SBP response
—Basel III refers to a set of documents each addressing a particular key measure proposed by BCBS which includes the following worth mentioning documents;
i.Basel III: A global regulatory framework for more resilient banks and banking system – December 2010 (revised June 2011) – Implemented
ii.Guidance for national authorities operating the countercyclical capital buffer – December 2010. Almost implemented
iii.Global systemically important banks (GSIFIs) – Assessment methodology and the additional loss absorbency requirements – November 2011.
iv.Domestic SIFIs (DSIFIs) – In Process
v.Requirements  related to loss absorbency at point of non-viability – Press Release January 13, 2011. Implemented
vi.International framework for liquidity risk measurement, standards and monitoring – December 2010. To be implemented
vii.Revisions to the Basel II market risk framework – July 13, 2009.
viii.Guidelines for computing capital for incremental risk in the trading book – July 2009. Waiting for final outcome of the trading book review by the BCBS