Basel Committee publishes RCAP handbook

The Basel Committee on Banking Supervision has today published the Handbook for Jurisdictional Assessments, which describes the guidance, principles and processes for assessing compliance with Basel standards under the Regulatory Consistency Assessment Programme (RCAP).

The Committee says it believes that full and consistent implementation of its standards will strengthen the resilience of the banking system, improve market confidence in regulatory ratios and promote a level playing field.

The RCAP assesses the consistency and completeness of a jurisdiction’s capital and liquidity rules against the globally agreed Basel standards and describes the significance of any deviations.