Basel Committee on Banking Supervision

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Basel Committee on Banking Supervision

An organization that seeks to provide a supranational framework for banking regulation. It prepares major overhauls to regulatory systems, such as the Basel II Accord. It does not have enforcement authority, but rather makes recommendations to member countries. It was established by the central banks of the G-10 in 1974. It is also called the BIS Committee. It takes both its names from the fact that it meets four times per year at the Bank for International Settlements (BIS) in Basel, Switzerland.
References in periodicals archive ?
Ms McKechin, a member of the Business, Innovation and Skill Select Committee (BIS), said the bosses of Better Capital had been asked to attend a joint session of the Bis Committee and the Scottish Affairs Committee.
The BIS Committee report also questions why responsibility for LEPs was spread across two different ministries, a situation that had led to "confusion".
In a report last year, the BIS Committee said inclusion of international students in the figures risks undermining a world-class export market.
The BIS committee has stated that pub companies have been given every opportunity to implement the necessary changes but have consistently failed to do so.
Mr Kennedy praised the efforts of BIS committee members, the Arabian Celts, JJ's Irish Restaurant and Bahrain RFC for helping to organise the event.
Sir, The statement that Parliament's BIS committee has put pressure on government "to beef up the power of its proposed Groceries Code Adjudicator" ('Retailers' red tape victory tempered by GCA plans', 30 July, p5), while true, may suggest the Committee has gone further than is warranted.
The BIS committee charged with the agreement said in a statement "to provide a disincentive for banks facing the highest charge to increase materially their global systematic importance in the future, an additional 1% surcharge would be applied to such circumstances.
Information garnered from this meeting and similar meetings planned for the future will assist the BIS Committee on Payment and Settlement Systems, as well as the Federal Reserve, in understanding the state of preparedness of payment systems on a global level.
In addition to its anger over the beer tie, the BIS committee identified a number of failings, such as pub companies' not providing a national database of rents, and "far too many unpleasant reports across the industry of bullying and intimidation towards lessees".
BIS committee members will be visiting each of the three collection points between now and September 12 to ensure they are cleared on a daily basis and that all gifts and toys are collated and ready for distribution.
Information garnered from this meeting will assist the BIS Committee on Payment and Settlement Systems, as well as the Federal Reserve, in understanding the current state of preparedness of payment systems on a global level.