Implementation assessments of the LCR in China, the European Union and the United States published by the Basel Committee

3 July 2017

Press release

Today the Basel Committee on Banking Supervision published reports assessing the implementation of the Liquidity Coverage Ratio (LCR) in China, the European Union and the United States.

Overall, the LCR regulations in China and the United States are assessed as "compliant" with the Basel framework. This is the highest of the four possible grades.

The EU LCR regulations are found to be "largely compliant", reflecting the fact that most but not all provisions of the Basel standards are satisfied. A "largely compliant" assessment grade is one notch below the highest possible grade.

Notes to editors

These reports form part of a series of publications on the implementation of Basel standards in the Committee's member jurisdictions. The Regulatory Consistency Assessment Programme (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. The RCAP helps member jurisdictions identify deviations from the Basel framework, weigh the materiality of any deviations and undertake necessary reforms. Based on these findings, many jurisdictions have already amended their regulations to align them more closely with the Basel framework, thereby helping to promote global financial stability and a level playing field for internationally active banks.