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Core principles for effective banking supervision : an assessment of New Zealand's position

Margaret Griffin

In September 1997 the Basle Committee on Banking Supervision (a committee of banking supervisory authorities established by the central bank governors of the Group of Ten countries) published a set of Core Principles for Banking Supervision. These Core Principles are intended to provide a set of minimum requirements for effective banking supervision and to serve as a basic reference for supervisory and other public authorities in all countries and internationally. The Committee believes that achieving consistency with the Core Principles by every country will be a significant step in the process of improving financial stability domestically and internationally.