Prudential supervision in banking

the long version

The business of banking has been, andis still, going through a period of rapid and profound changes, of which the major ingredients are the development of new technological capabilities for processing and transmitting data, the growing interdependence of economies and interpenetration of financial markets, and the breaking down of barriers between financial institutions previously engaged in different lines of business. Against this background, changes in banking legislation and regulation have sometimes encouraged these trends and sometimes adapted to them.