BCBS 124

Definition

BCBS 124 is a document published by the Basel Committee on Banking Supervision on April 2006 in the Core Principles category.

Title

Core Principles Methodology.

Abstract

Note: This consultative document has been superseded by the final version of October 2006.

1. The Core Principles for Effective Banking Supervision, developed by the Basel Committee on Banking Supervision (the Committee) in cooperation with fellow supervisors, have become de facto the standard for sound prudential regulation and supervision of banks. The Core Principles are mainly intended to help countries assess the quality of their systems and to provide input into their reform agenda. The vast majority of countries have endorsed the Core Principles and have declared their intention to implement them.
2. An assessment of the current situation of a country's compliance with the Principles can be considered a useful tool in a country's implementation of an effective system of banking supervision. In order to achieve objectivity and comparability in the different country assessments of compliance with the Principles, in 1999 the Committee developed the Core Principles Methodology, which does not eliminate the need for both supervisors and assessors to use their judgment in assessing compliance. This document is the revised version of the 1999 Core Principles Methodology.

Document Profile

• Publication Date: April 2006
• Publication Type: Consultative
• Publication Status: Closed
• Publication Category: Core Principles
• Number of Pages: 54
• Keywords: Assessment, Basel II, Basel Core Principles

See Also

• BIS Website: Web Page
• PDF File: Download

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