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Following extensive consultation with industry, the Authority published "Basel III for Bermuda Banks - Final Rule" effective 1st January 2015, thus setting out in a single policy document, the final rules for the enhancement of Capital Adequacy and Liquidity in Bermuda's banking sector. Elements of Basel II and corresponding guidance will remain in force subject to future revisions from the Basel Committee.
To the extent that provisions are not superseded by Basel III, the “Revised Framework for Regulatory Capital Assessment" Handbook issued on 31st December 2008, will remain applicable.
Copies of all related Guidance Notes for both Basel II and Basel III can be found in the Document Centre under Policy & Guidance/Banking