Basel Committee toughens bank governance principles

The BIS tower

The Basel Committee on Banking Supervision today set out 13 revised and toughened principles for good risk governance at banks.

The principles, published as a consultative document, aim to help banks and supervisors instil good governance. The document clarifies the responsibilities of the board, explores the roles of the ‘three lines of defence', and makes recommendations for how supervisors should go about assessing governance.

The principles build upon a previous document issued by the Basel

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