A rule-setting committee of the Bank for International Settlements published a set of draft principles Tuesday to ensure that banks are better managed, using lessons from the financial crisis that showed many executives did not understand the risks they had taken.

The Basel Committee on Banking Supervision issued principles meant to ensure that bank boards oversee risk policies, that senior executives are qualified to handle complex topics, that risk management becomes a more important function within banks and that staff pay is controlled to stop excessive risk-taking.

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