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

July 22, 2020

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Format: Chicago

Kingdom of Lesotho: Technical Assistance Report-Implementation of Basel II, (USA: International Monetary Fund, 2020) accessed November 21, 2024

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.

Subject: Banking, Basel II, Basel III, Commercial banks, Financial institutions, Financial regulation and supervision, Financial statements, International Financial Reporting Standards, Public financial management (PFM)

Keywords: Africa, Basel II, Basel III, Capital, Capital requirement, Commercial banks, CR, Financial statements, ICAAP document, ICAAP report, III capital requirement, International Financial Reporting Standards, ISCR, Liquidity policy, Liquidity position, Risks exposure

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/222
Stock No:

1LSOEA2020001
ISBN:

9781513550992
ISSN:

1934-7685

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