Regulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III LCR regulations - European Union

Through its Regulatory Consistency Assessment Programme (RCAP), the Basel Committee monitors the timely adoption of regulations by its members, assesses their consistency with the Basel framework and analyses the quality of intended regulatory outcomes. The RCAP also helps member jurisdictions to identify deviations from the Basel framework and assesses their materiality. 

This report describes the Committee's assessment of the implementation of the Basel Liquidity Coverage Ratio (LCR) standards in the European Union (EU). 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. 

The report also provides information on the local implementation of the Committee's Principles for sound liquidity risk management and the monitoring tools for liquidity risk.