Basel Committee on Banking Supervision (BCBS)

The Basel Committee on Banking Supervision (BCBS) is a global organization of banking regulators from major countries that develops standards and guidelines to strengthen banks' financial health. Its main goal is to ensure banks have enough capital to absorb losses, reducing the risk of financial crises. The BCBS creates rules on risk management, capital requirements, and banking supervision practices, promoting consistent and sound banking practices worldwide. These standards help protect the stability of the global financial system and increase confidence among depositors, investors, and regulators.