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Basel Committee on Banking Supervision
(redirected from Basel Committee)

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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.


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But what's not in the documents published by the Basel Committee on Banking Supervision, and the escape hatches that are, may have more impact on how financial institutions will operate following a global credit crisis that led to $1.
The new guidelines, which classify loans and provisions in line with the Basel Committee on Banking Supervision standards, will "serve as a catalyst in depicting a truly realistic financial position of banks and other financial institutions," a statement on the bank's website said.
The objective of this set of regulations is to identify a framework suitable for evaluating the loans and advances portfolio, in line with standards adopted by the Basel Committee and international best practices.
 
 
 
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