The Basel Committee found Australia, Japan, South Korea and Switzerland compliant, and Canada and the United Kingdom largely compliant, with its leverage ratio framework.

What it means

The Basel Committee on Banking Supervision (BCBS) has published its regulatory consistency assessments for six major jurisdictions, evaluating their adherence to the Basel III leverage ratio framework. Australia, Japan, Korea, and Switzerland are rated fully compliant, while Canada and the United Kingdom are rated largely compliant, meaning they meet most requirements but have minor deficiencies. The assessments are part of the Committee's ongoing Regulatory Consistency Assessment Programme (RCAP) to ensure global implementation of post-crisis bank capital standards.