Basel Committee unveils revised core principles

The Basel Committee on Banking Supervision has completed a review of the Core Principles for Effective Banking Supervision, adding four new principles and 39 new assessment criteria.

The principles focus on both authorities' main supervisory powers and the main expectations placed on banks. Designed for use under the joint IMF-World Band Financial Sector Assessment Programme, the principles have a different scope to the Basel III assessment programme but the two approaches are nevertheless