Regulatory Consistency Assessment Programme (RCAP): summary of post-assessment follow-up actions

Every year, the Basel Committee publishes reports from its members on actions taken or planned to address findings identified in RCAP assessments. These reports are based on self-reporting and are published alongside the original RCAP assessment reports.

The follow-up actions taken or planned by member jurisdictions after the assessments to address material and potentially material findings, as identified in their RCAP assessments, are summarised below. These do not reflect the efforts made by member jurisdictions to address findings raised during the assessments, as most of these findings were addressed in the course of the assessments and therefore before the finalisation of the original assessment reports. In some cases, findings reflect minor divergences from the Basel standards or timing differences with respect to forthcoming standards. Also, the Committee's membership includes jurisdictions subject to rule-making processes that may affect the ability of Committee members to fully undertake post-assessment follow-up actions or to home country laws that require modifications to the standards. Nonetheless, such member jurisdictions are expected to strive for outcomes that are consistent with, or super-equivalent to, the substance of the Basel framework.