The Basel Framework is a set of international banking standards developed by the Basel Committee on Banking Supervision (BCBS). These standards aim to stabilize the global financial system by ensuring that banks maintain adequate capital to cover their risks.
The framework has evolved over time, with Basel I first introduced in 1988, then Basel II in 2004, and Basel III in 2010. The latest major reforms in 2017 have been referred to as 3.1, Endgame, or unofficially Basel IV. Each iteration of the standard has patched gaps or problems in the previous version.
Now, the reforms have been consolidated into a final iteration: the “Basel Framework”, which comprises all current standards and future changes.
Status
The Basel Framework is currently active. In the current framework, chapters can be flexibly added and removed. You can browse the full standard and upcoming changes here.
Each member country is at a unique stage of implementing these standards as regulations.
The BIS publishes an implementation dashboard that shows the status of each member country since 2011.