A enterprise checking account needs amenities and options which might be completely different than those of a private bank account. Central banks are usually government-owned and charged with quasi-regulatory duties, equivalent to supervising commercial banks, or controlling the cash rate of interest They generally present liquidity to the banking system and act because the lender of last resort in occasion of a crisis.
The Basel Committee published a paper for banking organisations in September 1999. The Committee prompt that it is the accountability of the banking supervisors to make sure that there is an efficient corporate governance within the banking business. It additionally highlighted the need for having acceptable accountability and checks and balances inside every bank to make sure sound company governance, which in turn would lead to efficient and extra meaningful supervision.