Supervisory compliance weaker on 55% of Basel III principles – IMF

BIS with flags
Compliance with Basel III appears to be weakening, the IMF finds
Dan Hinge

Compliance with more than half of the Basel III core principles has weakened since mid-2013, the International Monetary Fund and the World Bank report in a recent study. Operational independence was particularly lacking in many cases.

The international organisations periodically examine countries’ financial sectors under the Financial Sector Assessment Program (FSAP). The programme, launched in 1999, after the Asian financial crisis, aims to bring key risks in the financial sector to the

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