Know your customer (KYC)
Basel Committee releases "Know Your Customer" paper
The Basel Committee on Banking Supervision has published a consultative paper designed to provide banks with guidance and best practices on "know your customer" (KYC) risks.
Basel moves on disclosure
The Basel Committee on Banking Supervision recently announced two significant revisions to its new capital adequacy framework (new Basel Capital Accord or Basel II), which are set to have positive and far-reaching implications for the global banking…