A Huffalump did his business here...: Global community of banking supervisors enhances the Basel Core Principles and strengthens supervisory collaboration

Saturday, October 07, 2006

Global community of banking supervisors enhances the Basel Core Principles and strengthens supervisory collaboration

Banking supervisors from over 120 countries today reiterated the importance of continued improvements in banks' governance and management of risk, as well as confirming their determination to improve supervisory cooperation and information-sharing.

The fourteenth International Conference of Banking Supervisors (ICBS), organised jointly by the Mexican National Banking and Securities Commission (CNBV) and the Basel Committee on Banking Supervision, was held this week in Mérida, Mexico. After being welcomed by Mr Jonathan Davis Arzac, President of the CNBV, more than 300 senior representatives from 150 supervisory authorities and central banks heard addresses from Mexican Finance Minister Francisco Gil Díaz and Guillermo Ortíz Martínez, Governor of the Bank of Mexico.

The ICBS programme focused on two main themes:

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