On January 3, 2017, the Basel Committee announced that it had, along with the Group of Central Bank Governors and Heads of Supervision, made progress towards completing the Basel Committee's post-crisis regulatory reforms, known as Basel III. However, despite the progress, more time is needed to finalize some areas, including the final calibration, before those proposals can be reviewed by the GHOS. This impacts the meeting of the GHOS which had been scheduled for early January, which has been postponed accordingly. The Basel Committee gave no specific date as to when the work would be completed, saying only that it expects to complete the work in the near future.
The press release is available at: http://www.bis.org/press/p170103.htm.
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