Basel II and III Implementation Program
The Central Bank of The Bahamas (‘the Central Bank’) has adopted a Basel Implementation Program comprising elements of both the Basel II and III frameworks. The Central Bank’s Basel Implementation Program is expected to be both pragmatic and flexible, thus taking into account the types of banks and the scale of their operations within this jurisdiction.
The Central Bank proposes to stage the execution of its Basel Implementation Program in three phases with a full roll-out over a 30-month timeline. The formal program commenced in Q3 of 2013 and is expected to end Q4 of 2015, with the effective ‘go live’ implementation set for Q1 of 2016.
Guidelines on Minimum Disclosures
Published Thursday December 1st, 2016
Pillar 3 disclosures of the Basel II framework is to encourage market discipline by developing a set of disclosure requirements, which will allow market participants to assess key pieces of information on the scope of application, capital, risk exposures, risk assessment processes, and hence the capital adequacy of the institution.