At the 23rd International Conference of Banking Supervisors last week, delegates from banking sector supervisors and regulators across more than 90 jurisdictions endorsed the Basel Committee on Banking Supervision's (BCBS) revised “Core Principles for Effective Banking Supervision.”
The BCBS embarked on a review of the Core Principles in April 2022, aiming to incorporate changes reflecting advancements in supervision and regulation, structural shifts impacting banking systems, and insights garnered from Financial Sector Assessment Programs (FSAPs). FSAPs are reviews conducted by the International Monetary Fund (IMF) and World Bank into the resilience of a country's financial sector. The BCBS initiated a consultation on the now-finalized revision in July 2023, to which we at Starling Insights offered comments.
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