Supervisors face reputational risk from fraud, Basel Committee says – Central Banking

Banks and their supervisors might each face reputational injury from digital fraud if lenders endure main losses, the Basel Committee on Banking Supervision warns.

“Excessive-profile” fraud circumstances might go away each banks and supervisors uncovered to adverse press protection and “public discontent”, the committee says in a dialogue paper, revealed at the moment (November 15). “This might translate to a broader, system-wide lack of belief within the integrity and resilience of banks that would result in, for instance