Global Banking Standards

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Which international body is responsible for formulating global banking supervision standards?

World Bank

Bank for International Settlements (BIS)

International Monetary Fund (IMF)

Financial Stability Board (FSB)

Which set of international standards focuses on anti-money laundering and countering the financing of terrorism (AML/CFT)?

IFRS

FATF Recommendations

Basel Norms

IOSCO Principles

The Basel norms are applicable to:

Central banks only

Commercial banks and financial institutions

Non-banking financial companies

Credit rating agencies

Which international organization sets global accounting standards for financial reporting?

BIS

IFRS Foundation

IMF

FATF

What is the primary role of the Financial Stability Board (FSB)?

To provide loans to developing countries

To regulate international trade

To promote international financial stability

To manage foreign exchange reserves