Basel Committee assesses Brazil's implementation of the NSFR regulation and the large exposures framework

The Basel Committee on Banking Supervision has today published two reports assessing Brazil's implementation of the Net Stable Funding Ratio (NSFR) and the large exposures framework.

Overall, the NSFR and the large exposures framework in Brazil were found to be compliant with the Basel Committee's global standards. This is the highest of the four possible assessment grades.

These publications form part of the Committee's Regulatory Consistency Assessment Programme (RCAP), a series of reports on Basel Committee members' implementations of Basel standards. The Basel Committee plans to complete its review of the implementation of the NSFR and the large exposures framework for all member jurisdictions by March 2021. The timetable for these assessments is available at www.bis.org/bcbs/implementation/rcap_aoi.htm.

Notes to editors

The Basel Committee on Banking Supervision consists of senior representatives of bank supervisory authorities and central banks. Member countries include Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, Spain, South Africa, Sweden, Switzerland, Turkey, the United Kingdom and the United States.

The 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 also helps member jurisdictions identify deviations from the Basel framework, weigh the materiality of any deviations and undertake necessary reforms. Based on the findings of these assessments, many assessed jurisdictions have already amended their regulations to align them more closely with the Basel framework, thereby helping to promote global financial stability and achieve a level playing field for internationally active banks.