Regulators and lenders in the U.S., European Union and Japan are to face “detailed” peer reviews of their implementation of international bank capital rules, global regulators said.
All member countries of the Basel Committee on Banking Supervision have agreed to undergo the assessments, the group’s governing board said in a statement on its website. The results of the reviews, to begin in the first quarter of 2012, will be published, it said.
The EU, U.S. and Japan will be the first to be assessed, it said. The reviews will include examining how lenders value their assets.