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BASEL COMMITTEE ON BANKING SUPERVISION.

History of the BASEL Committee

 The Central Bank governors of the group of ten countries set up the BASEL Committee called Banking Regulations and Supervisory Practices Committee in 1974 due to serious disturbances in international currency and banking markets.
The BASEL Committee established international settlements in Bank for enhance financial stability by improving the quality of banking supervision worldwide and to serve as a forum for regular cooperation between its member countries on banking supervisory matters. The Committee’s first meeting took place in February 1975 and meetings have been held regularly three or four times a year since.

Overview of the Committee

The BASEL Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. It seeks to promote and strengthen supervisory and risk management practices globally.
Its 45 members comprise central banks and bank supervisors from 28 jurisdictions. Additionally the Committee has 9 observers including central banks, supervisory groups, international organizations and other bodies.
The Basel Committee on Banking Supervision decided to broaden its membership and to invite as new members since 2009. The newly expanded membership enhance the Committee’s ability to carry out its core mission.

About the Committee’s Work BASEL Committee focuses on;


  • Exchanging information on developments in the banking sector and financial markets.  
  • Sharing supervisory issues, approaches and techniques.
  • Establishing and promoting global standards.
  • Addressing regulatory and Supervisory gaps.
  • Monitoring the implementation of BCBS Standards in member countries.
  • Consulting with central banks and bank supervisory authorities which are not members of the BCBS.Coordinating and cooperating with other financial sector standard setters and international bodies.






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