BCCI: LESSONS FOR INTERNATIONAL BANK SUPERVISION

In: Contemporary economic policy: a journal of Western Economic Association International, Band 11, Heft 2, S. 76-86

Abstract

This paper analyzes the BCCI collapse in light of the ongoing efforts of the Basle Committee on Banking Supervision to ensure that "no foreign banking establishment escapes adequate supervision." It reviews the development of the Basle Committee's Concordat and analyzes ways of improving international bank supervision.