The Basel Process - overview

The Basel Process refers to the way in which the BIS promotes international cooperation among monetary authorities and financial supervisory officials.

By offering a forum for discussion among central banks and other financial authorities, hosting international groups and producing relevant economic research and statistics, the BIS plays a key role in helping to strengthen the stability and resilience of the global financial system.

The outcomes of the Basel Process are visible to the public in the form of committee reports that analyse specific topics and, as regards the work of the standard-setting committees, internationally agreed standards. International agreement is the precondition for globally consistent standards. But it does not substitute for national legislation. In order to become binding, the agreements reached in Basel have to be approved and implemented at the national level, following due regulatory and legislative processes in each individual jurisdiction.

The Financial Stability Institute supports the implementation of global regulatory standards and sound supervisory practices by central banks and financial sector regulatory and supervisory authorities worldwide.