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 ?
Basel Committee on Banking Supervision (1988), "International Convergence of Capital Measurement and Capital Standards", July
The central bank governor of Spain, Jaime Camana, is presently chairing the Basel Committee on Banking Supervision that last year got the green light from the G10 governors for the new capital standard known as Basel II.
Last year, the worldwide Basel Committee on Banking Supervision, operating under the auspices of the Bank for International Settlements, published proposals for a new supervisory capital-adequacy framework that would supercede its widely adopted 1988 capital accord.
CHICAGO -- The potential designation of Canada's six largest banks (Big Six) as domestic systemically important banks (D-SIBs) may increase capital requirements for those institutions under a framework established by the Basel Committee on Banking Supervision.
A Basel Committee on Banking Supervision panel said India complies with Basel standards and that banking standards in the nation were of high standards.
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.
based international trade group made its concerns known Friday in a letter to the Basel Committee on Banking Supervision.
In October 2012, the Basel Committee on Banking Supervision finalised its D-SIB framework, which involves a set of principles on the methodology to identify D-SIBs and on the higher loss absorbency (HLA) capital requirement for banks identified as D-SIBs.
The Basel Committee on Banking Supervision published the methodology banks across the world must use to calculate their leverage ratio.
It grew from the response to the global financial crisis by the Basel committee on banking supervision, which issued specific guidelines to enhance cross-border co-operation on crisis management.
In late 2009, the Basel Committee on Banking Supervision approved for consultation a package of proposals to strengthen global capital and liquidity regulations with the goal of promoting a more resilient banking sector, which rapidly became known as Basel III.
Some of the new and stricter global rules concerning banking capital and liquidity outlined by the Basel Committee on Banking Supervision will not come into effect before 2018.