Shell banks and booking offices

Summary of document history  

This version

BCBS  | 
Guidelines
 | 
24 January 2003
 | 
Status:  Current
PDF full text
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 |  8 pages

Abstract

Through its Working Group on Cross-border Banking, the Basel Committee has been taking note of how banks are structuring and managing their global operations and has identified a number of structures which pose particular problems for effective banking supervision. This paper sets out the Committee's conclusions as regards the supervisory treatment of shell banks and booking offices.