Basel Committee demands more rigorous governance standards


The Basel Committee on Banking Supervision on Monday released new guidelines to fill gaps in governance standards highlighted by the crisis.

The Principles for enhancing corporate governance outlined six key areas where the committee believed deficiencies in standards persisted: the role of the board; the qualifications and composition of the board; the importance of an independent risk management function, including a chief risk officer or equivalent; the importance of monitoring risks on an on

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: