On October 29th, the Basel Committee on Banking Supervision published its Report to G20 Finance Ministers and Central Bank Governors on Basel III implementation by its member jurisdictions. The report will be considered at the meeting of G20 ministers and governors in Mexico City on November 4-5, 2012. The report covers all three levels of the Committee’s Basel III implementation review program: Level 1: ensuring the timely adoption of Basel III; Level 2: assessing regulatory consistency with Basel III; and Level 3: assessing the consistency of outcomes (initially focusing on banks’ calculation of risk-weighted assets). Basel Committee Press Release. The Globe and Mail noted that only eight of the 27 member countries have adopted final regulations. Moreover, many complain of Basel III’s uneven application. Summary.