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Basel Concordat

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Basel Concordat
A 1983 agreement by the Basel Committee stating banks opening subsidiaries in foreign countries must submit those subsidiaries to the full regulatory authority of the relevant countries. It also requires the parent banks to allow their own regulators to review the foreign subsidiaries. It accomplishes both of these by encouraging the regulatory authorities to share information with each other.
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The Geneva-based World Health Organization uses her to help develop a universal set of health standards, much as the Basel concordats have done for the banking world.
DWENA dread by Crombie, Roger / Risk & Insurance
Basel II requires continuation of existing cross-border responsibilities of supervisors, as set out in the Basel Concordat and Minimum Standards documents.
Basel II: challenges and risks by Mohanty, Sunil K. / Academy of Banking Studies Journal
Topics covered include: --The regulation and supervision of international banking --The origins of the Basel committee --The Basel concordat and the consolidation of banking supervision --The debt crisis and the Basel Capital Accord of 1988 --Evaluating the 1998 Accord: market and authority reactions --The Basel committee in the 1990s: governing global banking --Updating the Capital Accord: the road to Basel II --Conclusion For more information visit http://www.
Governing Global Banking - A Thorough Examination of the Basel ... by Business Wire
 
 
 
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