Basel III

Comprehensive quantitative impact study 2010

The Basel Committee on Banking Supervision (BCBS) and the Committee of European Banking Supervisors (CEBS)* conducted a comprehensive quantitative impact study in close coordination to assess the impact of the new requirements to raise the quality and level of the capital base, to enhance risk capture, to contain excessive leverage and to introduce new liquidity standards for the global banking system, collectively referred to as “Basel III”. The samples consist of the member countries of the BCBS and the member countries of CEBS, respectively. The new Basel III requirements are based on the proposals of July and December 2009. The Group of Governors and Heads of Supervision (GHOS), the oversight body of the BCBS, agreed at its July and September 2010 meetings the final design and calibration of these reforms which were later endorsed by the G20 Leaders at their November Seoul Summit.

The agreed reforms in market risk and securitisations of the last year are further components of the impact study.

34 countries worldwide participated in the comprehensive quantitative impact study; 23 countries took part in the analysis of the BCBS and 21 CEBS member countries provided data for the European study. The publication of the QIS results is provided by the BCBS as well as by CEBS.

The results of the European impact study which was conducted in close coordination with the BCBS’s process and which is based on the assumption of full implementation of Basel III per 31 December 2010 will be used as a key input by the European Commission in preparing the impact assessment that will accompany the CRD IV legislative proposals.

* The comprehensive quantitative impact study was conducted by the Task Force on the Impact of the new Capital Framework (TFICF), a joint working group of CEBS and BSC, and carried out by the Deutsche Bundesbank.