Basel II/III Implementation

The Central Bank of Belize, in conjunction with the banks, is revising the existing capital framework to enhance the resilience and stability of the financial system.

Benefits

In line with the Central Bank’s strategic objectives to modernize the financial system and promote stability, the revised capital framework will enhance risk management practices in banks. This will promote forward-looking risk assessments and a stronger capital base by more closely aligning capital requirements with banks’ underlying risks.

Implementation Phases

The framework will be implemented in three phases which are aligned to the Pillars of the Basel Accords. Full implementation is expected by the end of 2021.

Stakeholders’ Input

The Central Bank has established a working group, including representatives from the banks to facilitate consultations, discussions and agreements on issues relating to the implementation of the revised capital framework.

Implementation Roadmap
Summary of the implementation roadmap (2019 to 2021)

Implementation Documents
Standards adopted by the Central Bank for the regulation and supervision of the banking sector