Banking, Finance and Insurance Standards

International standards and regulations are essential in the food industry to ensure the safety, quality, and consistency of food products globally, :

In the finance and banking and insurance industries, adherence to established standards is crucial for ensuring stability, transparency, and efficiency, the main ones being:

• Basel III Framework Basel III is an international regulatory framework established by the Basel Committee on Banking Supervision. It sets stringent capital requirements and introduces new leverage and liquidity ratios to strengthen the resilience of banks against financial shocks. The framework aims to enhance risk management and governance within the banking sector. It ensures that banks maintain adequate capital buffers to absorb losses during economic downturns, thereby promoting financial stability and protecting depositors.
• ISO/TC 68 Standards, under the International Organization for Standardization (ISO), develops and maintains international standards for banking, securities, and other financial services. These standards cover financial services security, reference data, and information exchange. ISO/TC 68 standards facilitate interoperability and efficiency in financial transactions globally, ensuring secure and standardized processes across different financial institutions and systems.
• Anti-Money Laundering (AML) are country-dependent laws or procedures and global agreements aimed at preventing criminals from disguising illegally obtained funds as legitimate income. These regulations require financial institutions to monitor customer transactions and report suspicious activities. AML regulations are essential for combating financial crimes, protecting the integrity of financial systems, and complying with international legal obligations.
• International Financial Reporting Standards (IFRS) IFRS are global accounting standards that provide a common language for financial reporting, ensuring transparency, accountability, and efficiency in financial markets. Adherence to IFRS allows investors and stakeholders to make informed decisions based on consistent and comparable financial statements across different jurisdictions.
• Payment Card Industry Data Security Standard (PCI DSS) PCI DSS is a set of requirements designed to ensure that organizations processing, storing, or transmitting credit card information maintain a secure environment. Compliance with PCI DSS protects against data breaches and fraud, safeguarding both consumers and financial institutions from security threats.

These standards are fundamental for maintaining trust, security, and efficiency in the global financial system. Find bellow an extensive list of applicable standards for most of these sectors:

Note: this tree is partially automatically generated and is intended for a first global approach. Do double-check the requirements and completeness (exemple of mistake: listing the rare earth metals standard for an MRI is not appropriate. An MRI has no real magnet.)

Consulte los organismos oficiales de normalización que figuran en nuestra directorio de herramientas.