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 classic literature ?
As my new patron, or master, had taken me home to his house, so I was in hopes that he would take me with him when he went to sea again, believing that it would some time or other be his fate to be taken by a Spanish or Portugal man-of-war; and that then I should be set at liberty.
Frankfurt: The Basel Committee on Banking Supervision (BCBS) in December 2017 published a package of proposed reforms for the global regulatory framework of our industry which is frequently referred to as 'Basel IV'.
Following the announcements by the Basel Committee in December 2017 with regards to the finalization of Basel III capital rules, UBS has greater clarity on its future capital requirements.
Banks in Qatar need to prepare now for the introduction of revised standards recently released by the Basel Committee, said KPMG in Qatar, noting that Basel IV will have a significant impact on capital ratios, strategy, pricing, processes and disclosure.
Stefan Ingves, chair of global regulators at the Basel Committee and governor of Sweden's Riksbank, has said that bitcoin is a dangerous bubble.
Regulators from around the world polished off the final set of new regulations for banks in Frankfurt on Thursday, the Basel Committee on Banking Supervision said in a statement, closing a saga begun at the height of the financial crisis.
Cooperation with Basel Committee elevated to formal status.
Basel Committee on Banking Supervision: An Assessment of Governance and Legitamacy--Part II
William Coen, Secretary General of the Basel Committee, appeared before a meeting with the European Parliament's Committee on Economic and Monetary Affairs (ECON Committee) in Brussels on Wednesday 12 October 2016.
The Basel Committee on Banking Supervision has set itself an ambitious goal: in the future, banks shall be obliged to measure risks on their balance sheets and calculate capital requirements using standardised models.
The EBF said that remaining rules being finalised by the global Basel Committee are the most onerous, pose a threat to financing in the European economy and may harm the competitive position of European banks in the global market.
It was also accepted as a member of the Basel Consultative Group of the Basel Committee on Banking Supervision.