Bank for International Settlements' Basel Committee reports Basel III credit and operational risk reforms and output floor now in effect in around 80% of member jurisdictions

The Bank for International Settlements’ Basel Committee on Banking Supervision published an annual progress update and monitoring dashboard on the adoption of the final Basel III reforms across its 27 member jurisdictions, covering implementation status as of end-September 2025. It reports that over the past 12 months the final Basel III standards have come into effect in more than 40% of member jurisdictions, with several key components now effective across most members. Since the previous annual update, the revised credit risk and operational risk standards and the output floor are in effect in around 80% of member jurisdictions, the credit valuation adjustment (CVA) framework in nearly 70%, and the revised market risk standards in nearly 40%. The materials track the final Basel III elements published in December 2017 and the finalised minimum capital requirements for market risk published in January 2019, with the Committee also providing implementation histories and domestic publication and implementation dates. The Committee will continue to monitor and assess full and consistent implementation of Basel III, following the Group of Central Bank Governors and Heads of Supervision’s May 2025 reaffirmation that all aspects should be implemented in full, consistently and as soon as possible.