Financial Regulation and Supervision

Principles of Auditor Independence and the Role of Corporate Governance in Monitoring an Auditor’s Independence

These principles governing independence of auditors of financial statements of listed entities and Principles relating to the oversight of an external auditor's independence by a body or bodies within an entity's corporate governance structure ("audit committee").

Principles for Ongoing Disclosure and Material Development Reporting by Listed Entities

These are a set of common high level principles for ongoing disclosure and, in particular, material development disclosure by all listed entities, leaving the possibility for individual jurisdictions to add further requirements.

Delegation of Functions

This document defines general principles concerning both the actual implementation of the delegation of functions by operators of collective investment schemes and its supervision by the regulators concerned.

Principles for the Management of Credit Risk

This paper provides guidance on credit risk in all types of banking activities, including lending, trading, investments, liquidity/funding management and asset management (September 2000).

Sound Practices for Banks’ Interactions with Highly Leveraged Institutions

This paper sets out sound practice standards for the management of counterparty credit risk inherent in banks' trading and derivatives activities with highly leveraged institutions (HLIs).

Enhancing Bank Transparency

This paper discusses the role of information in effective market discipline and effective banking supervision, recommending that banks provide timely information to market participants and that supervisors focus their efforts on encouraging high-quality public disclosure at reasonable cost (September 1998).

Framework for Internal Control Systems in Banking Organisations

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.

International Disclosure Standards for Cross­border Offerings and Initial Listings by Foreign Issuers

These international disclosure standards reflect a consensus among securities regulators in the major capital markets as to the type of information that should be disclosed in cross-border offerings and listings of equity securities. The standards cover fundamental disclosure topics such as the description of the issuers' business, results of operations, management and the securities it plans to offer or list.

Principles for Record Keeping,Collection of Information, Enforcement Powers and Mutual Cooperation to Improve the Enforcement of Securities and Futures Laws,

The document sets out requirements for regulators on record keeping, collection of information, enforcement powers and mutual cooperation.

Tokyo Communiqué on Supervision of Commodity Futures Markets (“Tokyo Communiqué”)

The document sets out an agreement among regulators on commodity futures markets' oversight.

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