Author: Publisher:
ISBN:
Category : Bank examination
Languages : en
Pages : 68
Book Description
Core Principles Methodology
Author: International Convergence of Capital Measurement and Capital Standards
Author: Publisher: Lulu.com
ISBN: 9291316695
Category : Bank capital
Languages : en
Pages : 294
Book Description
Core Principles Methodology
Author: Basel Committee on Banking SupervisionPublisher:
ISBN: 9789291977109
Category :
Languages : en
Pages : 48
Book Description
Implementation of the Basel Core Principles for Effective Banking Supervision, Experiences, Influences, and Perspectives
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1498328261
Category : Business & Economics
Languages : en
Pages : 44
Book Description
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Switzerland
Author: International Monetary Fund. Monetary and Capital Markets DepartmentPublisher: International Monetary Fund
ISBN: 1498375898
Category : Business & Economics
Languages : en
Pages : 169
Book Description
This Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision on Switzerland discusses that significant portions of guidance and legislation related to qualitative risk management and control standards are not as detailed or comprehensive as in many other major countries and need to be updated and selectively strengthened. Supervisory risk assessments and guidance to auditors, as the extended supervisory arm of the Swiss Financial Market Supervisory Authority (FINMA), need to be further materially improved, beyond what is now envisioned. Additional skilled resources within FINMA are necessary to meet these goals and to conduct more on-site supervisory work. The responsibilities and objectives of FINMA that emphasize protecting creditors, investors and insured persons, as well as ensuring proper functioning of the financial market, should be clearly stated in legislation as pre-eminent. It is recommended to increase FINMA resources, especially for on-site inspection and risk expertise. Clarify and limit the cases in which the Board can become involved in supervisory decisions and improve conflict code.
Financial System Standards and Financial Stability
Author: Vasudevan SundararajanPublisher:
ISBN:
Category : Bank examination
Languages : en
Pages : 72
Book Description
The Core Principles for Islamic Finance Regulations and Assessment Methodology
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 149830849X
Category : Business & Economics
Languages : en
Pages : 40
Book Description
This paper provides a proposal to incorporate the Core Principles for Islamic Finance Regulation (Banking Sector) (CPIFR) issued by the Islamic Financial Services Board (IFSB), as part of the standards used in assessing the banking regulatory and supervisory regimes of relevant member jurisdictions under the Financial Sector Assessment Program (FSAP) and the Reports on Observance of Standards and Codes (ROSCs). The CPIFR largely reflects the order of the Basel Core Principles on Effective Banking Supervision (BCP), with five additional principles that are specific to Islamic banking operations. Thus, for countries that have systemically significant Islamic banking sector, the assessment of the banking regulation and supervision regime of the jurisdiction would be against the CPIFR (for fully Islamic banking systems) or BCP and the five additional core principles under the CPIFR (for dual banking systems). The Fund staff is seeking the endorsement of the Executive Board on this proposal.
2024 Revised Basel Core Principles for Effective Banking Supervision
Author: Fabiana MeloPublisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 13
Book Description
The Basel Committee on Banking Supervision (BCBS) recently revised the Basel Core Principles for Effective Banking Supervision (BCP). The BCP are the de facto minimum standards for the sound prudential regulation and supervision of banks and banking systems and are universally applicable. This comprehensive update, the first since 2012, reflects the evolving financial landscape and incorporates feedback from a wide range of stakeholders including BCBS members, nonmember countries, the IMF, and the WBG. After extensive consultation, the revised BCP were approved by the BCBS in February 2024, and endorsed by the International Conference of Banking Supervisors in April 2024. The revised BCP document is a response to regulatory developments and structural changes within the banking industry over the last decade. It addresses the lessons learned over the last 10 years, including from the pandemic and the March 2023 banking turmoil; key findings from assessments under the Financial Sector Assessment Program (FSAP); and new challenges posed by ongoing structural transformations, notably digitalization and climate change. The revisions emphasize the importance of operational resilience, systemic risk management, and the adoption of a proportional approach to supervision, catering to the global diversity of banks and banking system.
Ireland
Author: International Monetary Fund. Monetary and Capital Markets DepartmentPublisher: International Monetary Fund
ISBN: 1498313078
Category : Business & Economics
Languages : en
Pages : 283
Book Description
This Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision on Ireland reflects the regulatory and supervisory framework in place as of the date of the assessment. This assessment has been prepared according to the Revised Core Principles Methodology issued by the Basel Committee of Banking Supervision (BCBS). The Irish authorities chose to be assessed against the Essential and Additional Criteria but to be graded against only the Essential Criteria. Although there is no observed interference, the legislation provides for the approval of the Minister for Finance for: setting the levy structure to fund supervision, denying a license application, involuntary revocation of a banking license. The Central Bank of Ireland (CBI) undertakes supervisory activities to understand the overall structure of the banking group for which it is ultimately responsible and supervises and monitors material activities (including nonbanking activities conducted by entities in the wider group, both domestic and cross-border.
Implementation of the Basel Core Principles for Effective Banking Supervision - Experience with Assessments and Implications for Future Work
Author: International Monetary Fund. Strategy, Policy, & Review DepartmentPublisher: International Monetary Fund
ISBN: 1498334229
Category : Business & Economics
Languages : en
Pages : 29
Book Description
This paper reviews the experience to date in assessing countries’ compliance with the Basel Core Principles for Effective Banking Supervision (BCP). This review is based on 136 assessments conducted under the FSAP/OFC programs, using the methodology associated with the 1997 version of the BCP. It follows earlier reviews presented to the Board in 2000, 2002, and 2004. The Fund has developed a strong collaborative relationship with the Basel Committee in promoting financial stability, in particular, in its work through the FSAP program in assessing (together with the Word Bank) the quality of countries’ supervisory structures. Experience gained from these assessments are also being reported back to the Committee through the Fund’s participation in Basel working groups, and staff has also been actively involved in the update of the BCP in 2006, with the objective of maintaining the BCP’s relevance as a global standard of good practice.