The Basel Committee on Banking Supervision has issued a Report to the G20 Finance Ministers and Central Bank Governors on Basel III Implementation.  The implementation period for Basel III capital requirements starts from 1 January 2013 and includes transitional arrangements until 1 January 2019.  At the time of the report, 8 of the 27 member jurisdictions of the Basel Committee have issued their final set of Basel III related regulations (being Australia, China, Hong Kong SAR, India, Japan, Saudi Arabia, Singapore and Switzerland), 17 members have published draft regulations, and two members are currently in the process of drafting regulations but have not yet published them. This means there is now a high probability that just six of the 29 global systematically important banks will be subject to Basel III regulations from the globally agreed start date.