In a revised consultative document, the Basel Committee on Banking Supervision has stressed the need for sound corporate governance to underpin the implementation of the Basel II Accord.
Whilst the Committee emphasises that they do not intend to introduce a new requirement to the revised international framework for bank capital adequacy, the document is nevertheless firm in its assertion that good governance is fundamental to implementing an effective Basel II framework.
See full Chase Cooper Article and BIS Summary and Press Release as well as full Report, in pdf format.
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