United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-03-21 monographic deposited born digital GA 1.13:GGD-94-68 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-68 P0b002ee180391b15 f:gg94068 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GGD-94-68 machine generated eng fdlp REPORT GAOREPORTS-GGD-94-68 GGD-94-68 Banking regulation International cooperation International agreements Financial institutions Foreign governments Bank management International economic relations Capital Banking law Latin America Canada Africa Asia Caribbean Switzerland European Community China Belgium Sweden France Germany Italy Japan Luxembourg Netherlands United Kingdom Chapter Report GGD Although international banking has grown and become the foundation for the global economy, no one regulator oversees international banks to ensure the safety and soundness of the entire system. In each country, bank supervisors are responsible for the quality of their supervision efforts but coordination with supervisors in other nations is purely voluntary. This report (1) reviews efforts by the Basle Committee on Banking Supervision, the principal mechanism by which regulators work to coordinate banking supervision; (2) assesses the effectiveness of the committee's approach and the extent to which the committee is pursuing options to bolster its role; and (3) analyzes whether the U.S. Foreign Bank Supervision Enhancement Act of 1991 can be one model for implementing into national law the Basle committee standards to promote adequate international banking supervision. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-94-68/html/GAOREPORTS-GGD-94-68.htm GAO/GGD-94-68 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-68 Chapter Report GAO/GGD-94-68; International Banking: Strengthening the Framework for Supervising International Banks; Banking regulation International cooperation International agreements Financial institutions Foreign governments Bank management International economic relations Capital Banking law Latin America Canada Africa Asia Caribbean Switzerland European Community China Belgium Sweden France Germany Italy Japan Luxembourg Netherlands United Kingdom Volume 105 Page 2236 105 Stat. 2236 Public Law 95-369 Public Law 102-242