Kingdom of Lesotho:Technical Assistance Report-Implementation of Basel II

Technical Assistance Report-Implementation of Basel II
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Volume/Issue: Volume 2020 Issue 222
Publication date: July 2020
ISBN: 9781513550992
$18.00
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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , capital , III capital requirement , ICAAP report , ICAAP document , liquidity policy , capital requirement , liquidity position , risks exposure , Basel II , Basel III , Financial statements , International Financial Reporting Standards , Commercial banks , Africa

Summary

This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select elements of Basel III. The main objectives of the mission were to help the CBL finalize the Draft Guidelines to banks on Pillar 1; assist in the implementation of Pillar 2, with attention paid to the Supervisory Review and Evaluation Process (SREP) and the banks´ Internal Capital Adequacy Assessment Process (ICAAP); and evaluate current disclosure requirements in view of the recent revision of Pillar 3 by the Basel Committee on Banking Supervision (BCBS). The adoption of select elements of Basel III especially those related to definition of capital was discussed.