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Basel III Annex No. (10)

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Basel III Annex No. (10) Part (XIII) - Tables, Forms and Filling Up Instructions Basel III Annex No. (10) Basel III Requirements Released by Basel Committee on Banking Supervision Basel III: A global regulatory framework for more resilient banks and banking systems, and minimum requirements to ensure loss absorbency at the point of non- viability. Basel III: International framework for liquidity risk measurement, standards and monitoring; Thirteenth Edition November 2011 Part (XIII) - Tables, Forms and Filling Up Instructions Basel III Requirements Released by Basel Committee on Banking Supervision Reference Documents: 1- BIS, Basel III: A global regulatory framework for more resilient banks and banking systems, December 2010, 2- BIS, Basel III: International framework for liquidity risk measurement, standards and monitoring, December 2010. Both these documents are available at www.bis.org/list/basel3/index.htm 3- Press Release, Minimum requirements to ensure loss absorbency at the point of non-viability, Ref. No. 02/2011, dated January 13, 2011. This document is available at www.bis.org/press/p110113.htm ] The above three documents issued by the Basel Committee on Banking Supervision (BCBS) as on date, presents the reforms to strengthen capital and liquidity rules to promote a more resilient banking sector. The above framework seeks to improve bank’s ability to absorb shocks arising from financial and economic stress and reducing the risk of spillover from the financial sector to the real economy. In this regard, Qatar Central Bank seeks to implement these standards for the national banks. National banks are required to study the three documents as given above, in its totality and specifically the important points raised as under and furnish their views, business plans, ability to implement, time frame required to achieve the stipulated standards. Banks are required to submit their views specifically to cover the following at a minimum: 1- General views and plans on the Basel documents according to what is mentioned below. 2- Specific computations, business plan and strategy envisaged to accomplish the standards. 3- Time frame required to implement the standards. Thirteenth Edition November 2011 Part (XIII) - Tables, Forms and Filling Up Instructions 4- Suggestion, if any, for early implementation of any of the following components. 1- Raising the quality, consistency and transparency of capital base. BCBS has envisaged that the risk exposure of bank should be backed by high quality of capital. The quality of capital base can be enhanced by having a substantial part predominantly in Core Capital. In regard to the minimum requirements for capital, banks may cover the following: A- definition of capital components, B- criteria for classification of Core Capital and additional elements of Tier 1 & 2 C- Limits and minima – (a) Common Equity Tier 1 (b) Tier 1 capital (c) Total capital (Tier 1 & 2 ) should be at a minimum of the existing 10% of RWA, with a target capital adequacy ratio envisaged by QCB at 12%. Banks may furnish their views and plans on the time frame required to achieve this target, plans to raise capital, business strategy etc to achieve the stipulated requirements. D- Regulatory adjustments – The regulatory adjustments relating to goodwill, intangibles, deferred tax assets, cash flow hedge reserve, gain on sale related to securitization, cumulative gains and losses due to changes in own credit risk on fair valued financial liabilities, reciprocal cross holdings, investments in capital of banking, financial and insurance entities, threshold deductions, etc are applied in the calculation of Common Equity Tier 1, instead of the Basel II requirements of adjustments at 50% from Tier 1 and 50% from Tier 2. Banks may furnish their views and computation on the effect of deduction to their capital ratios. E- Loss absorbency at point of non-viability – In order for a capital instrument issued by a bank to be included in additional Tier 1 or Tier 2 capital, it must meet or exceed minimum requirements. These requirements are in addition to the requirements stipulated under December 2010 document. Banks may cover on the scope and post trigger instrument, the trigger event, group treatment and transitional arrangements as set out under the Press Release Ref:No. 03/2011. Thirteenth Edition November 2011 Part (XIII) - Tables, Forms and Filling Up Instructions Further, banks may also cover the legal and administrative implications of these standards. F- Transitional arrangements – Please see a copy of Annex 4 of the Basel document December 2010, attached to this letter for the transition period stated by the BCBS. Banks may furnish their views and plans on the transition time frame required by them to achieve the standards, any plan for the banks for an early adoption of the standards, their strategy to achieve the standards by the target dates fixed by BCBS or their early adoption. G- Capital conservation buffer – The buffer is designed to ensure that banks build up capital buffers outside the periods of stress which can be drawn down as losses are incurred. Accordingly, the total capital requirement as prevailing today after addition of this buffer will be 12.5%, and in case of implementation of the envisaged minimum capital adequacy ratio is raised to 12%, the required capital adequacy ratio together with the buffer will be 14.5%. Banks may furnish their views on the framework, constraints on distributions when the capital levels falls, operational requirements and the transitional arrangements. H- Countercyclical buffer – aims to ensure that banking sector capital requirements take account of the macro-financial environment. This buffer will be deployed when excess aggregate credit growth is judged to be associated with the build-up of system-wide risk to ensure the banking system has a buffer of capital to protect it against future potential losses. Banks may furnish their views and plans on the buffer and its components. 2- Enhancing Risk Coverage – BCBS seeks to strengthen the risk coverage by capturing the major on-balance sheet and off-balance sheet risks, as well as derivative related exposures. In this regard, BCBS has mandated capital charge for potential mark-to-market losses, that is Credit Valuation Adjustment (CVA) associated with deterioration in the credit worthiness of counterparty. Banks may also be carrying potential losses in their off-balance sheet items, on the products deployed on behalf of customers or the asset management products, due to which they may be required to compensate the customers, what is called as, the displaced Thirteenth Edition November 2011 Part (XIII) - Tables, Forms and Filling Up Instructions commercial risk. Banks may as on date, furnish their views on the Standardized CVA risk capital charge and also on the potential losses that may arise on the asset management activities. 3- Supplementing risk-based capital requirement with a leverage ratio – BCBS is introducing a simple, transparent, non-risk based leverage ratio, in order to constrain build-up of leverage in the banking sector and reinforce risk based requirements based on a “back-stop” measure. Banks may furnish their views and plans on the definition, exposure measures used in computing the leverage ratio, and transitional arrangements. 4- Liquidity risk measurement, standards and monitoring – The BCBS has developed two standards for liquidity risk supervision, viz., Liquidity Coverage Ratio to promote short-term resilience of liquidity risk profile of banks by ensuring that they have sufficient high-quality liquid assets to survive a significant stress scenario for 30 calendar days; and Net Stable Funding Ratio, to promote resilience over a longer time horizon of one year to capture structural issues of assets and liabilities. Banks may furnish their views on the definition, stress scenarios, characteristics and definition of high-quality liquid assets, operational requirements, jurisdictional approaches to liquid assets, run-off rates of cash inflows and outflows, definition and components of available and required stable funding, use of monitoring tools in bank, and its application for liquidity risk management. Thirteenth Edition November 2011 Annex 4 Phase-in arrangements (shading indicates transition periods - all dates are as of 1 January) 2011 2012 2013 2014 2015 2016 2017 2018 As of 1 January 2019 Parallel run Migration to Supervisory monitoring 1 Jan 2013 – 1 Jan 2017 Leverage Ratio Pillar 1 Disclosure starts 1 Jan 2015 Minimum Common Equity Capital Ratio 3.5% 4.0% 4.5% 4.5% 4.5% 4.5% 4.5% Capital Conservation Buffer 0.625% 1.25% 1.875% 2.50% Minimum common equity plus capital 3.5% 4.0% 4.5% 5.125% 5.75% 6.375% 7.0% conservation buffer Phase-in of deductions from CET1 (including amounts exceeding the limit for 20% 40% 60% 80% 100% 100% DTAs, MSRs and financials ) Minimum Tier 1 Capital 4.5% 5.5% 6.0% 6.0% 6.0% 6.0% 6.0% Minimum Total Capital 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% Minimum Total Capital plus conservation 8.0% 8.0% 8.0% 8.625% 9.25% 9.875% 10.5% buffer Capital instruments that no longer qualify Phased out over 10 year horizon beginning 2013 as non-core Tier 1 capital or Tier 2 capital Observation Introduce Liquidity coverage ratio period minimum begins standard Observation Introduce Net stable funding ratio period minimum begins standard .
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