Effective corporate governance is essential for the proper functioning of the banking system and the economy as a whole. For this reason, since the financial crisis, the BCBS has been working on improving the governance framework of banks, which resulted in the publication in October 2010 of the Principles for Enhancing corporate governance. Since then, banks have shown a strengthening of their corporate governance practices.
However, in view of the ongoing developments in the field and in order to incorporate the recommendations of the FSB, the BCBS decided to undertake a review of the 2010 guidelines and published the final Corporate governance principles for banks document.
This document aims to:
The technical note prepared by Management Solutions’ R&D department summarizes the characteristics of the new framework and the main implications to be derived from its implementation.
BCBS principles on corporate governance refer to the Board, senior management, group structures, lines of defense, compensation, transparency and the role of supervisors.
Scope of application
The principles proposed by the BCBS apply to banks. However, their implementation will be in line with the size, complexity, and risk profile of the bank in question.
Download the technical note by clicking here (only in Spanish).
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© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.