Image for International Financial Regulatory Standards

International Financial Regulatory Standards

International Financial Regulatory Standards are guidelines and rules established by global organizations, such as the Basel Committee, to ensure banks and financial institutions operate safely, securely, and transparently across borders. They set common principles for things like capital reserves, risk management, and reporting, helping prevent financial crises, protect consumers, and promote stability in the global economy. These standards help different countries maintain consistent practices, making international finance more reliable and resilient.