The Basel Committee on Banking Supervision (Basel Committee) has published its latest reports under its Regulatory Consistency Assessment Programme. The reports assess the implementation of the Basel Committee’s frameworks for global and domestic systemically important banks (G-SIBs and D-SIBs) in the following jurisdictions:
- European Union;
- Switzerland; and
- United States.
In relation to the G-SIB framework the outcome of the assessment is positive, with all five jurisdictions being found to be compliant. The reports, however, do not include a graded assessment of the implementation of the D-SIB framework. Instead they outline how such frameworks are implemented in the jurisdictions. Generally, the D-SIB frameworks are broadly aligned to the Basel Committee’s D-SIB principles, although there is some variation across these jurisdictions in additional requirements and policy measures applied to D-SIBs.