We in the Reserve Bank also need to hone up our skills in regulating and supervising banks under the new system. We see this as an ongoing process and are continuously working towards skill improvement. Governance 18. One can have the capital, the liquid assets and the infrastructure.
But corporate governance will be the deciding factor in the ability of a bank to meet the challenges. BCBS has added a separate principle on corporate governance in its core principles for effective banking supervision which were revised in 2012. It is interesting to note that before 2012, there was no separate principle on corporate governance.