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    BCBS Issues Reports on Basel III Implementation Assessments Under RCAP

    March 12, 2018

    BCBS published summaries of post-assessment follow-up actions taken or planned by the member jurisdictions as of the end of 2017. These actions are intended to address deviations from the Basel standards, which were identified as part of the Regulatory Consistency Assessment Program (RCAP). The reports cover assessments that were completed and published as of the end of 2016. BCBS also published an updated version of the Handbook for jurisdictional assessments.

    Follow-up reports are published on the BCBS website, alongside the original RCAP reports, and are prepared by authorities in each jurisdiction that has been assessed. These 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 BCBS website. Follow-up reports for assessments completed and published, as of the end of 2017, will be published in 2019.

    The Handbook for jurisdictional assessments incorporates lessons from the BCBS 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. The RCAP self-assessment questionnaire, which member jurisdictions use to prepare for assessments, complements the Handbook. 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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    Keywords: International, Banking, RCAP, Basel III, Self Assessment, BCBS

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