Basel Minimum Standards

The Minimum Standards for the supervision of international banking groups and their cross-border establishments issued by the Basel Committee on Banking Supervision in July 1992, establish four main principles: All international banks should be supervised by a home country authority that capably performs consolidated supervision. The creation of a cross-border banking establishment should receive the prior consent of both the host country and the home country authority. Home country authorities should possess the right to gather information from their cross-border banking establishments. If the host country authority determines that any of these three standards is not being met, it could impose restrictive measures or prohibit the establishment of the banking office.