Basel Committee seeks comments

The Basel Committee on Banking Supervision on Thursday6 April issued for public comment updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology.

The Basel Core Principles have been used by countries as a benchmark for assessing the quality of their supervisory systems and for identifying future work needed to ensure sound supervisory practices. They have also been used by the International Monetary Fund (IMF) and the World