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Implementation of Regulation

 
 
Implementation date Basel III/Solvency2 Related Regulation
2009 AprilSolvency 2 Level 1 adopted by European Parliament
2009 SeptemberSolvency 2 Level 2 Consultation Papers deadline
2010 JanuaryImplementation of the UK FSA's Liquidity Regime
2010 MarchExpected Draft of Solvency 2 CEIOPS Measures
2010 January-JulySolvency 2 Discussions on level 2 advice and level3 guidelines between stakeholders
2010 JulySolvency 2 QIS5 technical specification published
2010 August-OctoberSolvency 2 QIS5 Exercise runs
2010 OctoberSolvency 2 Expected level 3 guidance papers to be published
2010 DecemberSolvency 2 Unofficial QIS5 results available
2010 DecemberThe Committee of European Banking Supervisors to announce joint risk assessment process for Pillar II under Basel II.
2011 JanuarySolvency 2 Wave 2 of FSA internal model pre-applications
2011 AprilSolvency 2 Results of QIS5 Published
2011 Q2Solvency 2 Publication of level 2 implementation measures
2011 October-NovemberSolvency 2 Formal adoption of level 2 implementation measures
2011 DecemberSolvency 2 Publication of final level 3 guidelines
2013 JanuaryBasel III: Minimum Tier 1 Capital increased to 4.5%
2013 JanuaryExpected implementation of solvency 2
2014 JanuaryBasel III: Minimum Tier 1 Capital increased to 5.5%
2015 JanuaryBasel III: Liquidity coverage ratio comes into effect
2015 JanuaryBasel III: Parallel run of disclosure changes starts
2015 JanuaryBasel III: Minimum Tier 1 Capital increased to 6.5%
2019 DecemberBasel III: Full Implementation

 

 

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