G20 finance ministers and central bank governors issued this communiqué at the summit in Moscow on February 15 and 16, 2013. Major agreements from the discussions include refraining from devaluing their currencies devaluation and enforcing corporate tax laws.
The BCBS oversight body endorsed the Committee's new Charter and amendments to the Liquidity Coverage Ratio (LCR) as part of the Basel III reforms, on January 6, 2013.
EU leaders at this week's summit are expected to advance a banking union crucial to restoring confidence in the eurozone, but its full implementation is a long way off, says CFR's Robert Kahn.
Controversies over too-big-to-fail financial institutions continue to mount. The Basel Accords represent the latest effort to ease risk and restore confidence, as this Backgrounder explains.
This document is the revised version of the Core Principles for Effective Banking Supervision, which the Basel Committee on Banking Supervision (the Committee)1 originally published in September 1997.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
An authoritative and accessible look at what countries must do to build durable and prosperous democracies—and what the United States and others can do to help. More
Through an in-depth analysis of modern Mexico, Shannon O'Neil provides a roadmap for the United States' greatest overlooked foreign policy challenge of our time—relations with its southern neighbor. More