From Open Risk Manual


BCBS C312 is a document published by the Basel Committee on Banking Supervision on May 1983 in the Cross-Border Issues category.


Principles for the supervision of banks' foreign establishments (concordat).



This report sets out certain principles which the Committee believes should govern the supervision of banks' foreign establishments by parent and host authorities. It replaces the 1975 "Concordat" and reformulates some of its provisions, most particularly to take account of the subsequent acceptance by the Governors of the principle that banking supervisory authorities cannot be fully satisfied about the soundness of individual banks unless they can examine the totality of each bank's business worldwide through the technique of consolidation.

The report deals exclusively with the responsibilities of banking supervisory authorities for monitoring the prudential conduct and soundness of the business of banks' foreign establishments. It does not address itself to lender-of-last-resort aspects of the role of central banks.

The principles set out in the report are not necessarily embodied in the laws of the countries represented on the Committee. Rather they are recommended guidelines of best practices in this area, which all members have undertaken to work towards implementing, according to the means available to them.

Document Profile

  • Publication Date: May 1983
  • Publication Type: Guidelines
  • Publication Status: Current
  • Publication Category: Cross-Border Issues
  • Number of Pages: 7
  • Keywords: Supervisory Cooperation

See Also


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).