Basel Committee on Banking Supervision

Basel Committee on Banking Supervision is an institution with an international influence on the field of banking supervision.

This institution was originally founded by members of the G10 and Luxembourg, and currently has 27 members from different parts of the world. The emergence of the Basel Committee on Banking Supervision was caused by the growing number of foreign loans in banks. It is interesting that this is a relatively informal forum, which does not even have the charter and its decisions are not binding. The Committee publishes fairly broad regulatory standards, recommends specific practices in the field of banking supervision and tries gradual convergence of regulatory standards. It is expected that the states themselves will incorporate these recommendations into their own legislation. Already mentioned standards are then called Basel, which were published so far in three generations (Basel I, Basel II, Basel III). It cooperates with the national central banks.