Basel Committee on Banking Supervision

About the BCBS

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions.

The core of the work undertaken by the Basel Committee focuses on:

• Exchanging information on developments in the banking sector and financial markets, to help identify current or emerging risks for the global financial system;
• sharing supervisory issues, approaches and techniques to promote common understanding and to improve cross-border cooperation;
• establishing and promoting global standards for the regulation and supervision of banks as well as guidelines and sound practices;
• addressing regulatory and supervisory gaps that pose risks to financial stability;
• monitoring the implementation of BCBS standards in member countries and beyond with the purpose of ensuring their timely, consistent and effective implementation and contributing to a "level playing field" among internationally active banks;
• consulting with central banks and bank supervisory authorities which are not members of the BCBS to benefit from their input into the BCBS policy formulation process and to promote the implementation of BCBS standards, guidelines and sound practices beyond BCBS member countries; and
• coordinating and cooperating with other financial sector standard setters and international bodies, particularly those involved in promoting financial stability.