Transcription of Basel Committee on Banking Supervision
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Basel Committee on Banking Supervision Guidelines Corporate governance principles for banks July 2015. This publication is available on the BIS website ( ). Bank for International Settlements 2015. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9197-130-5 (print). ISBN 978-92-9197-126-8 (online). Contents Glossary .. 1. Corporate governance principles for banks .. 3. Introduction .. 3. Jurisdictional differences .. 5. Applicability, proportionality and differences in governance approaches .. 6. Principle 1: Board's overall responsibilities .. 8. Principle 2: Board qualifications and composition .. 13. Principle 3: Board's own structure and practices .. 15. Principle 4: Senior management .. 20. Principle 5: Governance of group structures .. 22. Principle 6: Risk management function .. 25. Principle 7: Risk identification, monitoring and controlling .. 27. Principle 8: Risk communication .. 30. Principle 9: 31.
appropriate levels of authority, responsibility, accountability, and checks and balances within each bank, including those of the board of directors but also of senior management and the risk, compliance and internal audit functions. 7. The Basel Committee’s October 2010
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