72. This section lists the assessment criteria for each of the 29 Core Principles under two separate headings: "essential criteria" and "additional criteria". As mentioned in paragraph 59, essential criteria are those elements that should be present in order to demonstrate compliance with a Principle. Additional criteria may be particularly relevant to the supervision of more sophisticated banking organisations, and countries with such institutions should aim to achieve them. By and large, the compliance grading will be based on the essential criteria; the assessor will comment on, but not grade, compliance with the additional criteria unless the country undergoing the assessment has voluntarily chosen to be graded against the additional criteria too.

73. The individual assessment criteria are based on sound supervisory practices already established, even if they are not yet fully implemented. Where appropriate, the documents on which the criteria are founded have been cited.

Supervisory powers, responsibilities and functions

Principle 1: Responsibilities, objectives and powers