Basel Committee agrees to revisions to Basel Core Principles, consults on addressing window-dressing in the G-SIB framework and reaffirms expectation about Basel III implementation

Basel Committee approves revisions to Core principles for effective banking supervision. Decides to consult on potential measures to address window-dressing behaviour by some banks in the context of the framework for global systemically important banks. Reaffirms expectation that all aspects of Basel III will be implemented in full, consistently and as soon as possible.


This information was gathered from the Bank for International Settlements


The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.  Last updated from Wikipedia 2024-04-10T12:57:25Z.
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