|For immediate release|
The Basle Committee on Banking Supervision has released the Basle Core Principles for Effective Supervision, which sets out the principles that the Committee believes must be in place for a supervisory system to be effective.
These 25 Core Principles are intended to serve as a basic reference for supervisory and other public authorities worldwide to apply in the supervision of all the banks within their jurisdiction.
Supervisory authorities throughout the world are invited to endorse them by October l998.
The text of the Core Principles is attached. It is also available on the BIS Website at http://www.bis.org.
1997 Banking and consumer regulatory policy | 1997 Other announcements