Columbia International Affairs Online: Working Papers

CIAO DATE: 04/2015

Emerging Countries and Implementation: Brazil's Experience with Basel's Regulatory Consistency Assessment Programme

Fernanda Martins Bandeira

March 2015

Centre for International Governance Innovation

Abstract

In 2012, the Basel Committee on Banking Supervision opened its membership to key emerging markets to encourage international participation in the Basel rule-making process and commitment to implementation of its standards. This paper examines recent Brazilian experience and brings to light some of the gaps that must be filled in order to serve the interests of a broader range of actors in the international regulatory landscape.