Bank Supervision

Basel II and III Implementation Program

The Central Bank of The Bahamas (‘the Central Bank’) has adopted a Basel Implementation Program comprising elements of both the Basel II and III frameworks. The Central Bank’s Basel Implementation Program is expected to be both pragmatic and flexible, thus taking into account the types of banks and the scale of their operations within this jurisdiction.

The Central Bank proposes to stage the execution of its Basel Implementation Program in three phases with a full roll-out over a 30-month timeline. The formal program commenced in Q3 of 2013 and is expected to end Q4 of 2015, with the effective ‘go live’ implementation set for Q1 of 2016.

 

Consultation Papers on the Definition of Capital and Minimum Disclosure Requirements

Published Friday December 12th, 2014

In furthering its work on the implementation of Basel II and Basel III in The Bahamas, the Central Bank is issuing the following draft documents:

1)Consultation Paper on the Definition of Capital 2)Consultation Paper on Minimum Disclosure Requirements

Licensees are invited to submit comments or questions seeking clarification on the proposals to the Policy Unit, Bank Supervision Department by February 12, 2015. Comments may be submitted in writing via email, post mail or fax to the following address:- The Policy Unit Bank Supervision Department The Central Bank of The Bahamas Market Street P.O. Box N-4868 Nassau, Bahamas Telephone: 302-2615 Fax: (242) 356-3909 Email:[email protected]

Bank Supervision