QIS 3: Third Quantitative Impact Study
Questionnaire and instructions
The material distributed for QIS 3 consisted of three parts. There was a questionnaire in the form of an electronic workbook. There also was a set of corresponding instructions that specified how to complete the questionnaire in order to ensure that banks do so in a consistent manner. Additionally, the Basel Committee released the QIS 3 technical guidance that set out the proposed minimum capital requirements at that time in detail. It comprised all aspects of the pillar one proposals.
- Cover Note to Supervisors
- QIS 3 Electronic Workbook (updated 4 Nov 2002): XLS (Excel, 3161 kb) or ZIP (compressed Excel, 691 kb)
- QIS 3 Overview Paper (PDF, 15 pages, 72 kb)
- QIS 3 Instructions (PDF, 50 pages, 244 kb)
- QIS 3 Additional Instructions (4 November 2002)
- QIS 3 Technical Guidance (PDF, 174 pages, 884 kb)
- Second Working Paper on Securitisation
- QIS 3 Frequently Asked Questions
In conjunction with the main QIS 3 package, banks had to review the Areas of National Discretion Checklist (PDF, 12 pages, 55 kb) that contains a list of items where national discretion is permissible. National supervisors provided participants of the QIS 3 exercise with a completed checklist setting out their decisions (for QIS 3 purposes). This checklist provided guidance on which options banks should use when completing the QIS 3 questionnaire. The entire version of the QIS 3 package was also available from national supervisors.
In addition to the comprehensive QIS 3 package described above, there was a streamlined version of the QIS 3 package that was provided to banks only completing the standardised approach for credit risk and the basic indicator or standardised approach (i.e. not the advanced measurement approach) for operational risk. In addition, this streamlined package did not include worksheets, instructions or technical guidance relating to securitisation. However, any banks with material involvement in securitisation were required to use the comprehensive package. Banks had to contact their national supervisor to obtain the streamlined version of the QIS 3 package.
Results
The Basel Committee on Banking Supervision released the results of the QIS 3 on 5 May 2003. More than 350 banks in 43 countries participated in the exercise. Following up on public interest in the QIS 3 results, the Basel Committee published a further supplementary document on 27 May 2003 which provides more detail on some areas of the results.
- QIS 3 Results (5 May 2003) (PDF, 33 pages, 304 kb)
- QIS 3 Supplementary Information (27 May 2003) (PDF, 16 pages, 196 kb)
Comments on QIS3 Technical Guidance and Second Working Paper on Securitisation
(March 2003)
| Associazione Bancaria Italiana | Scanned PDF (5 pages, 248 kb) | |
| Bank + Versicherung | PDF (14 pages, 172 kb) | |
| Belgian Bankers' Association | PDF (7 pages, 52 kb) | |
| BNP Paribas | Scanned PDF (5 pages, 335 kb) | |
| Bundesverband deutscher Banken | Scanned PDF (6 pages, 288 kb) | |
| European Bank for Reconstruction and Development | Scanned PDF (5 pages, 141 kb) | |
| European Securitisation Forum | PDF (77 pages, 739 kb) | |
| Federation Bancaire de l'Union Europeenne | PDF (11 pages, 188 kb) | |
| Fitch Risk Management | PDF (19 pages, 342 kb) | |
| International Chamber of Commerce | PDF(PDF: 2 pages, 122 kb) | |
| International Swaps and Derivatives Association | PDF (33 pages, 341 kb) | |
| Japanese Bankers Association | Scanned PDF (4 pages, 222 kb) | |
| Jonathan Ward | PDF (89 pages, 592 kb) | |
| Leaseurope | PDF (17 pages, 534 kb) | |
| Mizuho Securities Co Ltd | PDF (3 pages, 36 kb) | |
| Norinchukin Bank | Scanned PDF (4 pages, 161 kb) | |
| Overseas Private Investment Corp | PDF (3 pages, 124 kb) | |
| Rating and Investment Info Inc | Scanned PDF (2 pages, 118 kb) | |
| Real Estate Roundtable | PDF (3 pages, 681 kb) | |
| Stephany Griffith-Jones, Stephen Spratt and Miguel Segoviano | Scanned PDF (6 pages, 361 kb) | |
| UBS | PDF (19 pages, 289 kb) | |
| PDF (3 pages, 55 kb) |