Implementation of Basel standards - Regulatory Consistency Assessment Programme (RCAP)

Consistency in the adoption and implementation of Basel standards is critical to improving the resilience of the global banking system, promoting public confidence in prudential ratios and encouraging a predictable and transparent regulatory environment for internationally active banks. The Basel Committee and its governing body, the Group of Governors and Heads of Supervision, have therefore set as a high priority the full and effective implementation of Basel standards within the globally-agreed time frame. The Committee also provides updates to the G20 on implementation progress.

To facilitate this process, the Basel Committee adopted in 2012 a comprehensive Regulatory Consistency Assessment Programme (RCAP) that complements the Committee's work on development of prudential standards. It also benefits from and contributes to the Committee's quantitative impact studies (QIS) and supports the Committee's broader and ongoing analytical and monitoring work.

The RCAP consists of two distinct but interlinked modules covering the Basel capital standards, liquidity and leverage standards, and requirements relating to systematically important banks: