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India and South Africa pass Basel III compliance test

The Basel Committee on Banking Supervision has published reports on India and South Africa, evaluating the consistency and completeness of those countries' implementation of the Basel III risk-based capital framework and the Liquidity Coverage Ratio (LCR).

A statement from the committee said: “Overall, the assessment outcomes for both India and South Africa are highly positive and reflect various amendments to the risk-based capital and LCR rules undertaken by the authorities during the assessment. The Basel Committee noted that several aspects of the domestic rules in both countries are more rigorous than required under the Basel framework.”

India's implementation was found to be 'compliant' with Basel standards for the risk-based capital framework and 'largely compliant' for the LCR.

South Africa was found to be 'compliant' for both the risk-based capital framework and the LCR.

Links to the Basel Committee's reports can be found here.

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