The Committee 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 Regulatory Consistency Assessment Programme (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. The programme is sufficiently general to accommodate differences in structural and institutional factors across jurisdictions.
The RCAP Handbook presents a general framework as well as specific processes and procedures for assessing a jurisdiction's regulatory framework for
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risk-based capital standards,
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the Liquidity Coverage Ratio (LCR) and
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global systemically important banks (G-SIBs).
The Basel Committee also published today RCAP Questionnaires that cover, in addition to the risk-based capital standards, LCR and the Revised Pillar 3 disclosure requirements. These self-assessments of a jurisdiction's rules are the starting point for an RCAP. The questionnaires support Basel Committee member jurisdictions, and other regulators and supervisors, to check and improve the alignment of their domestic regulations with the corresponding Basel standards.
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