Many regulatory norms including leverage, liquidity and capital adequacy were reviewed as part of the Basel III reforms aimed at making the global financial system more resilient. Enumerate briefly such Basel III regulat

To address liquidity risk, new instruments such as the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) were introduced, supplemented by large exposure framework capping large and risky exposures. Aimed at addressing the 'Too Big To Fail (TBTF)' problem. The FSB phased in the Total Loss Absorbing Capacity (TLAC) for the Global Systemically Important Banks (G-SIBS) to rebuild their capital buffers. Various jurisdictions also adopted other key reforms initiated by the FSB, such as sound resolution regime for financial institutions regarding Non-Banking Financial Intermediation (NBFI). The FSB has been conducting annual monitoring exercise since 2011. Broadly, it has been observed that, several aspects of non-bank financial intermediation which contributed to the financial crisis have considered declined. At the Reserve Bank of India, the Bank has largely complied with Basel Standards in terms of Countercyclical Capital Buffer (CCB) , Capital requirement for Central Counter Parts (CCPS), leverage Ratio framework, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Domestic Systemically important Banks (D-SIBS) requirements and a supervisory framework for measuring and controlling large exposure. On the resolution front, some progress has been made in terms of the notification issued by the Central Government under section 227 of the Insolvency and Bankruptcy Code (IBC), 2016. It is expected to have an integrated framework for resolution of financial firms operating in India in the near future. The implementation of these reforms of particular importance for having a resilient financial system in India.