Experience with Basel Core Principle Assessments
April 12, 2000

Implementation of the Basel Core Principles for Effective Banking Supervision, Experiences, Influences, and Perspectives

Prepared by the Staff of the World Bank and the International Monetary Fund
September 23, 2002

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Table of Contents

Executive Summary

  1. Introduction

  2. Experience with BCP Observance
    1. Introduction
    2. Main Findings
    3. Specific Areas of Concern

  3. Experience with the Assessment Process

  4. Recent Developments Relevant to the Basel Core Principles
    1. Financial Market Developments
    2. Developments in Banking Supervision

  5. Implications for supervisory standards and their assessment
    1. Implications for the Standard-Setting Body
    2. Implications for Assessed Countries
    3. Implications for the Fund, Bank and Other Agencies

  6. Conclusions

Text Tables

  1. BCP Assessments Performed
  2. Core Principles Compliance
  3. Country Compliance


  1. Core Principles for Effective Banking Supervision
  2. Follow-Up After 2000 Review
  3. Preconditions for Effective Banking Supervision
  4. Basel Core Principle Assessment Process
  5. The Financial Sector Reform and Strengthening (FIRST) Initiative
  6. Joint Forum-Comparison of Core Principle
  7. Operational Paper on Large Complex Financial Institutions (LCFIs)
  8. AML/CFT Standards and Assessment Methodology
  9. Basel II


  1. Overview of World Compliance with BCPs