Prudential regulation of banks

There is extensive international regulatory co-operation in financial services regulation, co-ordinated through several global regulatory committees. However, the financial crisis has revealed some of the shortcomings in the international co-ordination of financial regulation and their consequences for global financial stability. This case study focuses on international co-operation with respect to the prudential regulation and supervision of banks at the global level. In particular, it describes how global standards for the prudential regulation of banks are set and implemented.