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    BCBS Issues Assessment of LCR Implementation in Four Jurisdictions

    October 18, 2017

    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.

     

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    Keywords: International, Europe, Americas, Australia, Brazil, Canada, Switzerland, Banking, RCAP, LCR, Basel III, BCBS

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