Other supporting infrastructure For risk management and supervision to be effective and efficient, it is not sufficient to just have a sound capital framework. The second element of the Committee’s strategy is to get the basic supporting infrastructure in place.
The development of the Core Principles for Effective Banking Supervision, the Committee’s liaison with international accounting bodies, and the Committee’s work on cross-sectoral bodies such as the Joint Forum are examples of our efforts to promote the fundamental infrastructure needed for a sound banking system and for effective supervision.