{
  "title": "Kingdom of Lesotho: Technical Assistance Report-Implementation of Basel II",
  "publication": "IMF Staff Country Reports, July 22, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/07/22/kingdom-of-lesotho-technical-assistance-report-implementation-of-basel-ii-49603",
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  "summary": "This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select elements of Basel III.",
  "sections": [
    {
      "heading": "Mission objectives and scope",
      "content": "- Follow-up mission to IMF AFRITAC South (AFS) mission conducted in March 2017 (STX Mr. Bernie Egan).\n- Main objectives:\n  - Help the CBL finalize the Draft Guidelines to banks on Pillar 1.\n  - Assist in the implementation of Pillar 2, with attention to the Supervisory Review and Evaluation Process (SREP) and the banks´ Internal Capital Adequacy Assessment Process (ICAAP).\n  - Evaluate current disclosure requirements in view of the recent revision of Pillar 3 by the Basel Committee on Banking Supervision (BCBS).\n  - Discuss the adoption of select elements of Basel III, especially those related to definition of capital."
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      "heading": "Substantive findings and analysis (as summarized)",
      "content": "- The mission was designed to further help the authorities in the implementation of Basel II and select elements of Basel III.\n- Emphasis on finalizing Pillar 1 draft guidelines, progressing Pillar 2 implementation (SREP and ICAAP), and reviewing disclosure requirements after the Pillar 3 revision by BCBS.\n- Adoption of select Basel III elements was discussed, with particular focus on the definition of capital."
    },
    {
      "heading": "Subjects and keywords (preserved)",
      "content": "- Subjects: Banking, Basel II, Basel III, Commercial banks, Financial institutions, Financial regulation and supervision, Financial statements, International Financial Reporting Standards, Public financial management (PFM)\n- Keywords: Africa, Basel II, Basel III, capital, capital requirement, Commercial banks, CR, Financial statements, ICAAP document, ICAAP report, III capital requirement, International Financial Reporting Standards, ISCR, liquidity policy, liquidity position, risks exposure\n\n---\n\n Content in this bundle\n\n- 1lsoea2020001\n  - 1lsoea2020001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1lsoea2020001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 22, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513550992.002",
    "Follow-up mission to IMF AFRITAC South (AFS) mission conducted in March 2017 (STX Mr. Bernie Egan).",
    "Main objectives:",
    "The mission was designed to further help the authorities in the implementation of Basel II and select elements of Basel III.",
    "Emphasis on finalizing Pillar 1 draft guidelines, progressing Pillar 2 implementation (SREP and ICAAP), and reviewing disclosure requirements after the Pillar 3 revision by BCBS.",
    "Adoption of select Basel III elements was discussed, with particular focus on the definition of capital.",
    "Subjects: Banking, Basel II, Basel III, Commercial banks, Financial institutions, Financial regulation and supervision, Financial statements, International Financial Reporting Standards, Public financial management (PFM)",
    "Keywords: Africa, Basel II, Basel III, capital, capital requirement, Commercial banks, CR, Financial statements, ICAAP document, ICAAP report, III capital requirement, International Financial Reporting Standards, ISCR, liquidity policy, liquidity position, risks exposure",
    "**1lsoea2020001**"
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