
Basel Committee publishes follow-up reports on Basel III implementation assessments
By Bank for International Settlements (BIS)
This 2019 press release details the progress of the Regulatory Consistency Assessment Programme (RCAP), the Basel Committee’s primary mechanism for ensuring that global banking standards are implemented "full, timely, and consistently." Following the 2008 crisis, it became clear that national interpretations of the Basel framework could create regulatory arbitrage.
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