Basel Committee on Banking Supervision

(redirected from Basel Committee)

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 ?
In December 2017, the Basel Committee on Banking Supervision published a revised set of minimum standards for the capital treatment of credit risk, operational risk and credit valuation adjustment risk and for a new output floor to limit the extent to which banks will be able to use internal models for credit and market risk to drive down capital requirements.
He added that the Basel Committee on Banking Supervision had issued a final paper containing a set of amendments to the standard approaches to the measurement and management of credit risk and operational risk, which is the final revision of Basel III, or so-called Basel IV.
Since 2011, at the request of the Bank of Russia, Sberbank has been participating annually in the survey of the Basel Committee on Banking Supervision (BCBS) on preparation of a list of a global systemically important banks - banks for which the amount of total assets for calculating the financial leverage is over 200 bln.
The Basel Committee on Banking Supervision (BCBS) is focussing on bringing in regulation for cryptocurrencies.
We studied international experience - the Basel Committee has recommendations in this regard, but no strict rules.
Against the backdrop of the global financial crisis that started in 2007, the Basel Committee on Banking Supervision (BCBS) proposed certain reforms to strengthen global capital and liquidity regulations with the objective of promoting a more resilient banking sector.
Commenting on QCB's commitment in implementing the Basel Committee's latest guidance and updating instructions to develop the banking system, Sheikh Abdullah said QCB has been, and will continue to be committed to most Basel Committee issues, starting with the basic principles, effective Basel II and Basel II capital adequacy standards, which were recently updated by all Basel III standards from January 2014 to April 2018.
Riyadh, Muharram 17, 1440, Sep 27, 2018, SPA -- The Basel Committee on Banking Supervision has today published two reports assessing the implementation of the Net Stable Funding Ratio (NSFR) and the large exposures (LEX) framework in the Kingdom of Saudi Arabia.
"Despite the hype, the large size of investments and the significant number of financial products and services derived from FinTech innovations, volumes are currently still low relative to the size of the global financial services sector," the Basel Committee on Banking Supervision said in its report on the implications of FinTech on banks and regulators.
Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09.
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.
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.