Abstract:
The Basel committee has been able to create an important place at the international level as a financial body interest to preserve the stablility of the financail system and banking system, in the shade changes imposed by financial globalization and the growing risk in the banking sector, and this by issuing rules and international standards relating to solvency and effective banking supervision. In this regard, the Basel Convention (2) published in June 2004 is the most recent of the Basel Committee, and encourage theme to move progressively towards the most effective approaches advances in measurement. Currently many countries allows banks greater flexibility in measuring risk and encourages them to move progressively towards the most advanced approaches. Currently many countries aim to implement the Convention despite the challenges and impacts imposed and the fundamental considerations that require (provide financial resources, developing human skills and systems of risk management and control audit, commitment to the Core Principles for effective Banking Supervision, put an implementation plan,...). Lebanon, for example ,was able to keep up with the Basel Convention (2), and confirmed the capacity of its banks and its supervisory authority to respect the effective date of the application of this Convention At the beginning of the 2008 (despite the instability politic that faced Lebanon during the years 2005 and 2006), also it focused on the fundamental considerations for the proper and effective application that been proposed by the working group from Basel in the preparation process, this is a proof of the positive reaction of the banking sector to international standards and adapted to the situation prevailing in Lebanon, and serious commitment to the instructions and laws of the Lebanese Central Bank.
