The assessment was part of Basel Committee's Regulatory Consistency Assessment Programme (RCAP).
One of the main parts of this Programme is to assess the consistency and completeness of each jurisdiction's adopted standards. The Basel Committee Assessment was based on EUs Capital Requirements Regulations and Fourth Capital Requirements Directive. It took account of the systems in place in the Member States. 14 different components were assessed and were rated as follows: 8 components were compliant, 4 were largely compliant, 1 (internal ratings based approach to credit risks) was materially non-compliant and 1 was deemed non-compliant.