Framework for Internal Control Systems in Banking Organisations

Subject Area Financial Regulation and Supervision
Issuing Body Basel Committee on Banking Supervision
Date 1 September 1998
Location http://www.bis.org/publ/bcbs40.htm
Synoptic Description

The paper describes the essential elements of a sound internal control system. The principles set out in the paper are intended to be of general application and supervisory authorities should use them in assessing their own supervisory methods and procedures for monitoring how banks structure their internal control systems (September 1998).