Basel Committee groups

The Policy Development Group (PDG) develops policies that promote a sound banking system and high supervisory standards. Due to its broad mandate, the PDG has in place a number of specialised working groups and task forces.

Chair: William Coen, Secretary General of the Basel Committee

PDG working groups / task forces

The Supervision and Implementation Group (SIG) has two primary objectives: (i) to foster the timely, consistent and effective implementation of the Basel Committee's standards and guidelines; and (ii) to advance improvements in banking supervision, particularly across Basel Committee members. The SIG is also responsible for monitoring the implementation of the Basel III framework among its member jurisdictions. It does this through Regulatory Consistency Assessment Programme (RCAP).

Chair: Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA)

SIG working groups / task forces

The Basel Consultative Group (BCG) provides a forum for deepening the Committee's engagement with supervisors around the world on banking supervisory issues. It facilitates broad supervisory dialogue with non-member countries on new Committee initiatives early in the process by gathering senior representatives from various countries, international institutions and regional groups of banking supervisors that are not members of the Committee.

Co-chair: Neil Esho, Deputy Secretary General of the Basel Committee
Co-chair: Bryan Stirewalt, Dubai Financial Services Authority

BCG membership comprises central banks and supervisory authorities from 28 countries, as well as supervisory groups, international agencies and other bodies.

Institutions represented on the Basel Consultative Group

The Macroprudential Supervision Group (MPG) monitors systemic risk and global developments that relate to macroprudential and systemically important bank (SIB) supervision. It also provides guidance to other groups working on issues related to macroprudential/SIB supervision, and develops specific policy proposals, as needed, to fill gaps, address inconsistencies or tackle unintended consequences in the overall framework of macroprudential/SIB supervision.

Co-chair: Dianne Dobbeck, Federal Reserve Board of New York
Co-chair: Sergio Nicoletti-Altimari, ECB

The Accounting Experts Group (AEG) helps ensure high quality international accounting standards and practices. The AEG's work also supports that implementation fosters a common international interpretation and harmonized application of those standards and practices, contributes to sound risk management at banks, and enhances market discipline. The AEG helps ensure high quality audit and ethics standards and practices for auditors, with the aim of ensuring high quality bank audits and regular communication of useful information between banking supervisory authorities and audit firms.

Regarding the development of international accounting standards, the Committee and the IFRS Foundation have in place a Memorandum of Understanding ("MoU"). The MoU formalises the mutual interaction between the Committee and the Foundation at both the strategic and working levels, while respecting the independence of each organisation in form and substance.

Chair: Fernando Vargas, Associate Director General for the Bank of Spain and Director of the Regulation and Supervisory Policy Department

AEG working groups / task forces