“This updated April 2014 Progress report on implementation 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, as of end March 2014. It focuses on the status of domestic rule-making processes to ensure that the Committee’s capital standards are transformed into national law or regulation according to the internationally agreed timeframes. The Committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements.”