Guidance on the Application of the Core Principles for Effective Banking Supervision to the Regulation and Supervision of Ins

Bank for International Settlements

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Date Published 2015
Primary Author Basel Committee on Banking Supervision
Other Authors
Theme Regulation and Supervision of Housing Finance Systems, Financial Inclusion


Financial innovation and financial inclusion can introduce potential benefits to the safety, soundness, and integrity of the financial system as well as potential risks to providers and customers alike and the transfer of well-known risks to new players. This document examines the risks presented by banks and non-bank financial institutions in their endeavor to reach the unserved and underserved customers and, using the lens of the Core Principles, guides prudential supervisors on the application of a proportionate regulatory and supervisory approach. In addition, the Guidance addresses issues related to consumer protection and to anti-money laundering and combating the financing of terrorism (AML/CFT).

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