Bloomberg News

Basel Calls for More Rigorous Internal Audit Strategies at Banks

June 28, 2012

Global financial regulators released rules on how banks should carry out internal audits in an effort to eradicate weaknesses in these assessments revealed by the 2008 financial crisis.

The measures were published today by the Basel Committee on Banking Supervision, which brings together regulators from 27 nations, including the U.S., the U.K. and China.

To contact the reporter on this story: Jim Brunsden in Brussels at

To contact the editor responsible for this story: Anthony Aarons at

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