“This updated Progress report on adoption of the Basel regulatory framework provides a high-level view of Basel Committee members’ progress in adopting Basel II, Basel 2.5 and Basel III standards as of end-March 2015. The report focuses on the status of domestic rule-making processes to ensure that the Basel standards are transformed into national law or regulation according to the internationally agreed timeframes. The report is based on information provided by individual members as part of the Committee’s Regulatory Consistency Assessment Programme (RCAP).  The report includes the status of adoption of the risk-based capital standards, the standards for global and domestic systemically important banks (SIBs), the Basel III leverage ratio and the liquidity coverage ratio (LCR).  In addition to periodically reporting on the status of adoption, all Committee members undergo an assessment of the consistency of their domestic rules with the Basel standards. The Committee believes that disclosure provides additional incentive for members to fully comply with the international agreements.”