Australia, Canada and India get top grades from Basel for NSFR and LEX

The Basel Committee on Banking Supervision today published assessment reports on the implementation of the Net Stable Funding Ratio (NSFR) and the large exposures framework (LEX) in Australia (NSFRLEX), Canada (NSFRLEX) and India (NSFRLEX).

The assessments found that the NSFR and LEX regulations in each of these jurisdictions are 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’ implementation of Basel standards. The Basel Committee plans to complete its review of the implementation of the NSFR and LEX standards for all member jurisdictions by March 2021. The timetable for these assessments is available at

Read the full release

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