40.1 The Core Principles establish 29 principles that are needed for a supervisory system to be effective and can be categorised into two groups:

(1) Principles 1 to 13 focus on the powers, responsibilities and functions of supervisors;

(2) Principles 14 to 29 focus on prudential regulations and requirements for banks.

40.2 This chapter lists the assessment criteria for each of the 29 Core Principles under two separate headings: "essential criteria" and "additional criteria".

40.3 The individual assessment criteria are based on international standards and sound supervisory practices that are already established, even if they have not yet been fully implemented. Where appropriate, the documents on which the criteria are founded have been cited as "reference documents". These documents include more detailed explanations of supervisory expectations and practices. There is the expectation that guidelines issued by the Committee will be observed by Committee member jurisdictions.