The Basel Committee on Banking Supervision

The Basel Committee on Banking Supervision (BCBS) is an international group that sets standards for banking regulation to promote stability in the financial system. Founded in 1974, it consists of representatives from central banks and financial authorities from various countries. The committee develops guidelines for capital requirements, risk management, and supervisory practices, primarily through the Basel Accords (e.g., Basel I, II, III). These frameworks aim to ensure that banks hold enough capital to cover risks, thereby protecting the economy and preventing financial crises by promoting sound banking practices globally.