Through its Regulatory Consistency Assessment Programme (RCAP), the Basel Committee monitors the timely adoption of regulations by its members, assesses the regulations' consistency with the Basel Framework and examines the consistency of banks' calculation of the prudential ratios across jurisdictions. The RCAP also helps member jurisdictions identify and assess the materiality of any deviations from the Basel Framework.
This report presents the Committee’s assessment of the United Kingdom’s implementation of the leverage ratio framework (LEV). The United Kingdom’s leverage ratio regulations were assessed as largely compliant.