Core Principles for Effective Banking Supervision: An Enforceable International Financial Standard?

Core Principles for Effective Banking Supervision: An Enforceable International Financial Standard?

Core Principles for Effective Banking Supervision: An Enforceable International Financial Standard?

The Basel Committee on Banking Supervision serves as an international forum to discuss international bank supervision issues. Because of the gravity and frequency of banking crises since the demise of the Bretton Woods System in the early 1970s, international financial standards have emerged as a method to minimize these crises.

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