On November 12, 2014, the Basel Committee published a report on the national discretions within the Basel capital framework which allow standards to be implemented in different ways by national regulators in different jurisdictions.

The report lists the jurisdictions that use a particular discretion and states that these discretions can be useful in the structure and development of those financial systems that require different approaches. However, the Basel Committee concludes that these discretions can lead to a lack of comparability of implementation across different jurisdictions.

The report is available at:

http://www.bis.org/bcbs/publ/d297.pdf.