The Growth-Supporting Funding Facility supplies long-term funds at a low interest rate to financial institutions in accordance with their efforts – in terms of lending and investment – toward strengthening the foundations for economic growth.
The previous guidelines for the supervision of banks, developed through collaborative efforts of banking supervisors under the auspices of the Bank for International Settlements (known as the Basel Accords for Banking Supervision; the BIS is headquartered in Basel), were revisited, and new guidelines proposed, incorporating more sophisticated risk management techniques and procedures.