Through its Regulatory Consistency Assessment Programme (RCAP), the Basel Committee monitors the timely adoption of regulations by its members, assesses the regulations' consistency with the Basel framework and examines the consistency of banks' calculation of the prudential ratios across jurisdictions. The RCAP also helps member jurisdictions to identify and assess the materiality of any deviations from the Basel framework.
This report describes the Committee's assessment of Australia's implementation of the Basel Committee's large exposures framework. Australia's large exposures framework has been assessed as compliant, which is the highest possible grade.
Read the full paper at: https://www.bis.org/bcbs/publ/d472.htm