BCBS published assessment reports on the implementation of the liquidity coverage ratio (LCR) in Australia, Brazil, Canada, and Switzerland. The assessments, which were conducted as part of the Committee's Regulatory Consistency Assessment Program (RCAP), indicate that the LCR regulations in each of these jurisdictions were found to be "Compliant" with the global Basel standards, the highest of the four possible grades.
With this report, BCBS has completed its review of the implementation of the LCR for all member jurisdictions. During the assessments, more than 200 deviations from the Basel LCR framework were identified, the vast majority of which have already been rectified. Most of the remaining deviations were considered not material. Overall, the implementation of the LCR in all member jurisdictions has been assessed as either Compliant or Largely Compliant, one notch below the highest grade.
The Basel Committee will now begin assessing the consistency of implementation of the net stable funding ratio (NSFR) and the large exposures framework. Implementation of the NSFR is expected to begin from January 01, 2018 and the large exposures framework from January 01, 2019. RCAP is a central element of the Basel Committee's continuing efforts to promote timely adoption of its standards and to monitor its members' full and consistent compliance with the Basel framework.
- Report on Australia (PDF)
- Report on Brazil (PDF)
- Report on Canada (PDF)
- Report on Switzerland (PDF)
- RCAP Assessments by Jurisdiction
Keywords: International, Europe, Americas, Australia, Brazil, Canada, Switzerland, Banking, RCAP, LCR, Basel III, BCBS
Previous ArticleCentral Bank of Brazil Publishes Consultation on Credit Fintechs
FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.
ISDA is consulting on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and for the USD LIBOR ICE Swap Rate.
BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.
ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.
SEC announced that the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.
EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.
BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.
EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.
BIS Innovation Hub, BDF, and SNB announced that, together with a private-sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currency (wCBDC) for cross-border settlement.
ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).