The Basel Committee on Banking Supervision (BCBS)

The Basel Committee on Banking Supervision (BCBS) is an international organization that aims to enhance the stability and soundness of the global banking system. It was established by the central bank governors of the Group of Ten countries in 1974 and is currently headquartered in Basel, Switzerland. The BCBS provides a forum for cooperation and exchange of information among member countries’ bank supervisors, with the goal of developing global banking standards and guidelines.

The committee works towards developing and promoting the implementation of effective supervisory standards, regulations, and guidelines for banks worldwide. Its primary focus is on ensuring that banks maintain adequate capital levels to absorb losses, have sufficient risk management practices in place, and abide by recognized accounting principles. The BCBS is known for its key international banking standards, such as the Basel Accords, which provide a framework for the regulation of various aspects of banking, including capital adequacy, risk management, and disclosure requirements. Through its efforts, the BCBS plays a crucial role in promoting financial stability and fostering confidence in the international banking system.

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