Basel III
Basel III is the Basel Committee on Banking Supervision's (BCBS) comprehensive package of reforms which, in particular, aims to strengthen solvency and liquidity in the banking sector.
In November 2017, the Federal Council decided to incorporate further elements of Basel III into national law. As of 2018, core capital must amount to at least 3% of total exposure (leverage ratio). As of 2019, the new risk diversification regulations will also come into force and the Liquidity Coverage Ratio (LCR) must be fully achieved by then. In November 2019, the Federal Council announced that the introduction of the net stable funding ratio (NSFR) is planned for mid-2021.
Due to the impact of Covid-19, the Basel Committee on Banking Supervision decided on 27 March 2020 to extend the implementation period of Basel III by one year in order to free up additional resources, both for authorities and banks. Implementation in Switzerland will take place through an amendment to the Capital Adequacy Ordinance, which will come into force on 1 January 2025.
Media
Federal Council confirms implementation of final Basel III standard with effect from 1 January 2025
26.06.2024
Amendment to the Capital Adequacy Ordinance to implement the final Basel III standards will enter into force in 2025
29.11.2023