INTRODUCTION OF INTERNATIONAL STANDARDS IN DEEPENING THE REFORM OF THE BANKING SYSTEM AND ENSURING ITS STABILITY

The global financial crisis of 2008 highlighted the urgent need for a comprehensive reform of the banking system to ensure its stability and resilience against future economic shocks. In response to this crisis, international organizations, such as the Basel Committee on Banking Supervision, have introduced a set of international standards aimed at enhancing the soundness and stability of banks worldwide. This article explores the significance of implementing international standards in deepening the reform of the banking system and its role in safeguarding the global financial system.