Regulatory Alerts2020-05-08 | 29651Revised Basel II Reporting Template and Continuation of Parallel Reporting
The Banking Sector Regulator issued this circular letter to implement revised Basel II reporting templates and mandate the continuation of parallel reporting. The updated framework standardizes data submission formats, reduces administrative burdens, and aligns domestic compliance with international Basel II/III standards. Financial institutions must adopt the revised template immediately while maintaining existing parallel reporting obligations until full transition is complete.
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