Core Principles for effective banking supervision

This version

BCBS  | 
25 April 2024
Status:  Current

This publication sets out the revised Core Principles for effective banking supervision ("Core Principles"). The revised Core Principles were endorsed by banking supervisors at the 23rd International Conference of Banking Supervisors held in Basel, Switzerland, on 24-25 April 2024.

The Core Principles are the de facto minimum standards for the sound prudential regulation and supervision of banks and banking systems. They are universally applicable and accommodate a range of banking systems and a broad spectrum of banks. The Core Principles are used by supervisors to assess the effectiveness of their regulatory and supervisory frameworks. They are also used by the International Monetary Fund (IMF) and World Bank as part of the Financial Sector Assessment Program (FSAP) to evaluate the effectiveness of countries' banking supervisory systems and practices.

The revised Core Principles standard is effective immediately. The revised text has been incorporated into the consolidated Basel Framework.