Bank governance

George Walker analyses the Basel Committee on Banking Supervision revised set of guidance on effective corporate governance practices within banks and banking groups.

George Walker, Centre for Commercial Law Studies, gwalker@ccls.edu

The Basel Committee on Banking Supervision has issued a revised set of guidance on the adoption of effective corporate governance practices within banks and banking groups (Basel Committee “Enhancing Corporate Governance for Banking Organisations” (February 2006)). The purpose of the guidance is to attempt to ensure the adoption and implementation of sound corporate governance practices within banks and banking groups across the world. However, this will not replace but support existing regulatory laws, rules and codes.