Shell banks and booking offices.
Through its Working Group on Cross-border Banking, the Basel Committee has been taking note of how banks are structuring and managing their global operations and has identified a number of structures which pose particular problems for effective banking supervision. This paper sets out the Committee's conclusions as regards the supervisory treatment of shell banks and booking offices.
- Publication Date: January 2003
- Publication Type: Guidelines
- Publication Status: Current
- Publication Category: Cross-Border Issues
- Number of Pages: 8
- Keywords: Financial Conglomerates, Offshore
For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations.
The above regulatory document abstract is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided).