Review:
International Banking Standards
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
International banking standards refer to the guidelines and regulations that govern the operations of banks on a global scale.
Key Features
- Compliance with regulations set by international organizations like Basel Committee on Banking Supervision
- Risk management practices
- Capital adequacy requirements
Pros
- Promotes stability in the banking system
- Enhances transparency and accountability
- Helps protect consumers and investors
Cons
- Can be complex and costly for banks to implement
- May restrict flexibility in local banking practices