Decker, Olufemi and Ntozi-Obwale, Patricia (2021) Basel Recommendations on Corporate Governance Principles for Banks. In: Idowu, Samuel, Schmidpeter, René, Capaldi, Nicholas, Zu, Liangrong, Baldo, Mara Del and Abreu, Rute, (eds.) Encyclopedia of Sustainable Management. Springer Reference . Palgrave. ISBN 9783030020064 (doi:https://doi.org/10.1007/978-3-030-02006-4)

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Abstract

Following the global financial crisis there was a strong recognition of the need for robust standards in the governance of banks. The 2015 Basel Recommendations build on previous corporate governance guidelines issued by the BCBS as well as draw from standards issued by the OECD and the Financial Stability Board. Specifically the recommendations, which have practical implications for banks regulators alike, have an increased focus on risk and aim to improve corporate governance in banking institutions by restating and reinforcing the oversight and risk governance role of bank boards and board committees; identifying the roles that different parts of banks have for identifying and managing risk and strengthening checks and balances. The Recommendations join other efforts to provide a more robust global financial architecture that will maintain the financial sustainability which is needed for economic growth, social stability and inclusive societies.

Item Type:	Book Section
Uncontrolled Keywords:	banks; corporate governance; Basel committee; financial stability; risk management in banks
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of Accounting & Finance
Last Modified:	31 Dec 2023 01:38
URI:	http://gala.gre.ac.uk/id/eprint/28253

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