Who are the members of the Basel Committee?

Member countries include Australia, Argentina, Belgium, Canada, Brazil, China, France, Hong Kong, Italy, Germany, Indonesia, India, Korea, the United States, the United Kingdom, Luxembourg, Japan, Mexico, Russia, Saudi Arabia, Switzerland, Sweden, the Netherlands, Singapore, South Africa, Turkey, and Spain.

Which country is not a member of the Basel Committee?

The Basel Committee on Banking Supervision decided to broaden its membership and to invite as new members representatives from the G20 countries that are not currently in the Basel Committee. These are Argentina, Indonesia, Saudi Arabia, South Africa and Turkey.

How many members are there in Basel Committee?

45 members
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions.

Is BCBS part of BIS?

The Basel Committee for Banking Supervision (BCBS), while technically separate from the BIS, is a closely associated international forum for financial regulation that is housed in the BIS’ offices in Basel, Switzerland. The BIS also conducts research into economic issues and publishes reports.

Who created BCBS?

The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974.

How many members are there in BIS?

The Act establishes the Bureau of Indian Standards (BIS) as the National Standards Body of India. As a National Standards Body, it has 25 members drawn from Central or State Governments, industry, scientific and research institutions, and consumer organisations.

Who is the head of Basel Committee?

Pablo Hernández de Cos
The current Chairman of the Committee is Pablo Hernández de Cos, Governor of the bank of Spain. The Basel Committee was established by the central bank Governors of the Group of Ten countries at the end of 1974.

Is Nigeria a member of Basel?

While Nigeria was judged to be compliant or largely compliant with fourteen out of twenty-five Basel Core Principles in the 2002 FSAP, it was judged compliant or largely compliant with eighteen out of twenty-five core principles in the 2012 FSAP.

Who founded the Basel Committee?

central bank Governors
The Basel Committee – initially named the Committee on Banking Regulations and Supervisory Practices – was established by the central bank Governors of the Group of Ten countries at the end of 1974 in the aftermath of serious disturbances in international currency and banking markets (notably the failure of Bankhaus …

Is Basel a regulator?

Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the banking sector. Basel III is an iterative step in the ongoing effort to enhance the banking regulatory framework.

When was the Basel Committee created?

1974
Basel Committee on Banking Supervision/Founded
The Basel Committee was established as the Committee on Banking Regulations and Supervisory Practices by the central-bank Governors of the Group of Ten countries at the end of 1974 in the aftermath of serious disturbances in international currency and banking markets (notably the failure of Bankhaus Herstatt in West …