The Basel Committee on Banking Supervision has published overviews of follow-up actions taken or planned by member jurisdictions as of end-2017 to address deviations from the Basel standards that were identified as part of the Committee’s Regulatory Consistency Assessment Programme (RCAP). This covers assessments that were completed and published as of end-2016.
Follow-up reports are published on the Basel Committee’s website alongside the original RCAP reports and are prepared by authorities in each jurisdiction that has been assessed. The reports, which have not been reviewed or evaluated by the Basel Committee, outline the actions a jurisdiction has already taken or has planned. A summary of follow-up actions taken or planned by member jurisdictions is also published on the Basel Committee’s website. Follow-up reports for assessments completed and published as of end-2017 will be published in 2019.
The Basel Committee also published today an updated version of its Handbook for jurisdictional assessments. This incorporates lessons from the Committee’s experience in conducting RCAP assessments and expands the methodology to cover assessments of the Net Stable Funding Ratio (NSFR) and the large exposures framework. These assessments have started this year.
An important complement to the Handbook is the RCAP self-assessment questionnaire, which member jurisdictions use to prepare for assessments. It helps regulators, supervisors and financial stability authorities evaluate their progress in implementing the Basel III framework and identify areas for improvement.
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