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 ?
Lautenschlager expects the Basel committee to finish its new rules, which are due to take full effect in 2019, by the end of next year.
The Basel Committee on Banking Supervision is in the process of issuing new guidance regarding credit losses that could negatively impact U.
The Basel Committee on Banking Supervision is weighing updating its standards for capturing interest-rate risk on assets banks plan to hold to maturity, Stefan Ingves, the regulator's chairman, said in an interview.
Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector.
The so-called capital floor "will be based on revised standardised approaches for credit, market and operational risk, which are currently under consultation," the Basel Committee on Banking Supervision said in a statement.
The so-called capital floor 'will be based on revised standardised approaches for credit, market and operational risk, which are currently under consultation,'[euro]oCi the Basel Committee on Banking Supervision was quoted as saying by the Gulf Daily News, our sister publication.
CBJ Governor Ziad Fareez, who inked the deal with PMA governor, Jihad Al Wazir, said that it was designed to forge closer cooperation in banking controls in line with the decisions of the Basel Committee on Banking Supervision to ensure safe and solid banking institutions.
The immediate issue that has featured in the IFSB's dialogue with the Basel Committee is that many if not most Islamic finance jurisdictions will be challenged to provide markets and assets that meet them," said Ahmed.
Kazakh financial institutions are ready to meet the requirements of Basel III, international regulatory framework for banks developed by the Basel Committee on Banking Supervision, from 1 January 2019, Chairman of the National Bank of Kazakhstan Kairat Kelimbetov told a briefing in the Central Communications Service.
Summary: 'A significant step towards the full implementation of Basel III' as the Basel Committee details rules on leverage, net stable funding and liquidity coverage ratios
org/bcbs/) Basel Committee of global regulators with 60% of them being in Europe.
Stefan Ingves (left), chairman of the Basel Committee on Banking Supervision's governing body and Mervyn King, chairman of Governors and Heads of Supervision (GHOS) of the Bank for International Settlements hold a press conference in Basel, Switzerland yesterday.