99.1 This section presents guidance and a format recommended by the IMF and the World Bank for the presentation and organisation of the Basel Core Principles (BCP) assessment reports by assessors in the context of the FSAP and standalone 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.

99.2 The BCP assessment report should be divided into eight parts:

(1) a "summary and main findings" section;

(2) a general section providing background information and information on the methodology used;

(3) an overview of institutional setting and market infrastructure;

(4) a review of preconditions for effective banking supervision;

(5) detailed principle-by-principle assessments;

(6) a compliance table summarising the results of the assessment;

(7) recommended actions; and

(8) the authorities' response.

The following paragraphs provide a brief description of each of the eight parts.