1. This Annex presents guidance and a format, recommended by the IMF and the World Bank, for the presentation, and organisation of the BCP assessment reports by assessors in the context of the Financial Sector Assessment Program (FSAP) [The guidance and format are also recommended for targeted or risk-based Reports on the Observance of Standards and Codes (ROSCs). Risk-Based or targeted assessments do not cover all core principles, but selected ones based on previous compliance assessments and on an evaluation of relevant risks and vulnerabilities in each country. See specific guidance on risk-based DARs and ROSCs: http://www.imf.org/external/pp/longres.aspx?id=4684.] and stand-alone assessments. A self-assessment [Such self-assessment should be made available to assessors well in advance - also considering the possible need for translation - accompanied by the supporting legislation and regulation.], conducted by the country’s authorities prior to IMF- World Bank assessments, is an essential element in the process, and should also follow this guidance and format.

2. The BCP assessment report should be divided into seven parts: (1) a general section providing background information and information on the methodology used; (2) an overview of institutional setting and market infrastructure; (3) a review of preconditions for effective banking supervision; (4) detailed Principle-by-Principle assessments; (5) a compliance table summarising the results of the assessment; (6) a recommended action plan; and (7) authority’s response. The following paragraphs provide a brief description of each of the seven parts.