Basel Committee on Banking Supervision

From Wikipedia, the free encyclopedia

The Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations . It was created in 1974 and meets regularly four times a year.

Its membership is now composed of senior representatives of bank supervisory authorities and central banks from the G-10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States), and representatives from Luxembourg and Spain. The Committee usually meets at the Bank for International Settlements (BIS) in Basel, Switzerland, where its 12 member permanent Secretariat is located. The Committee is often referred to as the BIS Committee after its meeting location. However, the BIS and the Basel Committee remain two distinct entities.^[1]

The Basel Committee formulates broad supervisory standards and guidelines and recommends statements of best practice in banking supervision (see bank regulation or Basel II Accord, for example) in the expectation that member authorities and other nations' authorities will take steps to implement them through their own national systems, whether in statutory form or otherwise.

The purpose of the committee is to encourage convergence toward common approaches and standards. Dieter Kerwer reports that "the BCBS is not a classical multilateral organization. It has no founding treaty, and it does not issue binding regulation. Rather, its main function is to act as an informal forum to find policy solutions and to promulgate standards." (pp 619) ^[2]

The present Chairman of the Committee is Nout Wellink, President of the Netherlands Bank,^[3] who succeeded Jaime Caruana of the Bank of Spain on 1 July 2006.^[4]

[edit] References

[edit] External links

• Basel Committee on Banking Supervision at the Bank for International Settlements website
• http://bis2information.org: Practical articles, on BIS2 and risk modelling, submitted by professionals to help create an industry standard.

v • d • e Central banks Global Bank for International Settlements · Financial Stability Forum · Basel Committee on Banking Supervision   By continent Africa Central Bank of West African States · Bank of Central African States · Bank of Algeria · Central Bank of Angola · Bank of Botswana · Bank of the Republic of Burundi · Bank of Cape Verde · Central Bank of the Comoros · Central Bank of the Congo · Central Bank of Djibouti · Central Bank of Egypt · Bank of Eritrea · National Bank of Ethiopia · National Bank of Ethiopia · Central Bank of The Gambia · Bank of Ghana · Central Bank of the Republic of Guinea · Central Bank of Kenya · Central Bank of Lesotho · Central Bank of Liberia · Central Bank of Libya · Bank Al-Maghrib (Morocco) · Bank of Namibia · Central Bank of Nigeria · South African Reserve Bank · Bank of Tanzania · Reserve Bank of Zimbabwe Americas Central Bank of Argentina · Central Bank of Barbados · Central Bank of Brazil · Bank of Canada · Central Bank of Chile · Eastern Caribbean Central Bank · Bank of Mexico · Bank of the Republic · Central Reserve Bank of Peru · Federal Reserve System (United States) · Central Bank of Venezuela · Central Bank of Trinidad and Tobago Asia and Oceania Reserve Bank of Australia · Bangladesh Bank · Brunei Currency and Monetary Board · People's Bank of China · Reserve Bank of India · Central Bank of Iran · Central Bank of Iraq · Bank of Israel · Bank Indonesia · Bank of Japan · Bank of Korea · Central Bank of Kuwait · Banque du Liban · Central Bank of Malaysia · Reserve Bank of New Zealand · State Bank of Pakistan · Central Bank of the Philippines · Monetary Authority of Singapore · Central Bank of Syria · Central Bank of the Republic of China · Bank of Thailand · State Bank of Vietnam · Hong Kong Monetary Authority Europe European Central Bank (Eurozone) · Bank of Abkhazia · Bank of Albania · Bulgarian National Bank · Croatian National Bank · Czech National Bank · Bank of England · Bank of Estonia · Hungarian National Bank · Central Bank of Kosovo · Polish National Bank · National Bank of Romania · Central Bank of Russia  · Central Bank of Montenegro · National Bank of Serbia · Swiss National Bank  · Central Bank of Turkey · National Bank of Ukraine   Policies and implementation Policies Expansionary monetary policy · Contractionary monetary policy · Capital requirement Implementation Open market operations · Capital control · Discount rate · Money creation · Interest rates · Sovereign wealth fund   Bretton Woods system World Bank · International Monetary Fund · International Bank for Reconstruction and Development · International Finance Corporation · International Development Association · Multilateral Investment Guarantee Agency · International Centre for Settlement of Investment Disputes List of central banks