Implementation of Basel III Capital Regulations in India from April 1, 2013

Reserve Bank of India has rescheduled the start date of implementation of Basel III capital regulations to April 1, 2013 from January 1, 2013.

In view of the shift in the start date of Basel III implementation, all instructions applicable as on January 1, 2013, except those relating to Credit Valuation Adjustment (CVA) risk capital charge for OTC derivatives, would become effective from April 1, 2013 with banks disclosing Basel III capital ratios from the quarter ending June 30, 2013.

As the introduction of mandatory forex forward guaranteed settlement through a central counterparty has been deferred pending resolution of certain issues such as exposure norms, etc., the CVA risk capital charges would become effective as on January 1, 2014.

The other transitional arrangements would remain unchanged and Basel III will be fully implemented as on March 31, 2018.



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