Basel Committee groups

Updated 30 December 2016

 
The Basel Committee's groups
  • Policy Development Group
  • Supervision and Implementation Group
  • Basel Consultative Group
  • Macroprudential Supervision Group
  • Accounting Experts Group
 


About the Basel Committee's work structure

The five Committee groups report directly to the BCBS Chairman and form part of its permanent internal structure. Within each group are working groups - which support specified technical work - and task forces - which undertake specific tasks for a limited time. High-level task forces are also in place to support broader goals outside the Committee groups' primary activities.

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

Name Purpose
Working Group on Capital   Assesses issues associated with the definition of regulatory capital
Risk Measurement Group Assesses advanced risk measurement and management practices that are used for regulatory purposes
Trading Book Group Assesses issues with the market risk regulatory framework
Working Group on Operational Risk Assesses issues associated with operational risk. Reports to the PDG and SIG
Ratings and Securitisation Workstream   Reviews the regulatory framework for securitisation exposures
Leverage Ratio Working Group Responsible for the technical work associated with the Basel III leverage ratio
Working Group on Liquidity Assesses issues related to the liquidity framework
Large Exposures Working Group Responsible for the Committee's large exposures framework
Working Group on Disclosure   Responsible for ensuring that disclosure initiatives for Pillar 3 are coordinated and consistent
QIS Working Group Monitors the evolution of capital requirements during the transition to Basel III and over the long term
Task Force on Standardised Approaches Reviews the standardised approach for credit risk
Task Force on the Scope of Regulatory Consolidation Addresses issues related to the scope of consolidation of the regulatory framework
Task Force on Expected Loss Provisioning Addresses issues related to the regulatory treatment of provisioning. Reports to the PDG and AEG
Research Task Force Acts as a forum for economists to engage in research projects on supervisory and financial stability issues, and as a liaison with the academic sector

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: Mr Liu Chunhang, Director General of the Policy Research Bureau of the China Banking Regulatory Commission (CBRC)

SIG working groups / task forces

Name Purpose
Working Group on Operational Risk   Addresses issues related to banks' implementation of standards on operational risk
Working Group on Supervisory Colleges Develops guidance to enhance the effectiveness of supervisory colleges and assists supervisors in putting the guidance into practice
Pillar 2 Working Group Acts as a forum for exchanging ideas and good practices related to the implementation of the Pillar 2 of the Basel capital framework
Working Group on Stress Testing Reviews developments in bank and supervisory stress testing programmes and, as needed, develops further guidance to enhance these programmes
Task Force on Impact and Accountability Develops guidance on supervisory practices around the world, including evaluating the impact of policies and actions and developing tools for early and effective supervisory intervention
Task Force on Financial Technology Assesses the risks and supervisory challenges associated with the innovation and technological changes affecting banking
Risk Data Network Supports the SIG to foster sound and consistent implementation of the Basel Committee's Principles for effective risk data aggregation and risk reporting
Task Force on Prudential Treatment of Assets Improves the Basel Committee's understanding of the range of practices with respect to the definition of credit risk management terms, their use in credit classification schemes by banks and their supervisors, and the causes and consequences of differences in such terms and practices
SIG Banking Book Task Force Acts as a forum to foster the timely, consistent and effective implementation of the Basel Committee's standards and guidelines on credit risk modelling
SIG Trading Book Task Force Acts as a forum to understand the drivers of differences in market risk and counterparty credit risk RWA under current and proposed rules, within and across countries

 

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: Mr Karl Cordewener, 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.
View full BCG membership

Institutions represented on the Basel Consultative Group

Countries
Austria Austrian Financial Market Authority
Bulgaria Bulgarian National Bank
Chile Banking and Financial Institutions Supervisory Agency
China China Banking Regulatory Commission
Colombia Unit of Financial Regulation
Czech Republic Czech National Bank
Denmark Danish Financial Supervisory Authority
France French Prudential Supervision and Resolution Authority (ACPR)
Georgia National Bank of Georgia
Germany Federal Financial Supervisory Authority (BaFin)
Hungary Central Bank of Hungary
Malaysia Central Bank of Malaysia
Mexico ComisiĆ³n Nacional Bancaria y de Valores
New Zealand Reserve Bank of New Zealand
Norway The Financial Supervisory Authority of Norway
Peru Superintendencia de Banca Seguros y AFP
Philippines Central Bank of the Philippines
Poland Polish Financial Supervision Authority
Qatar Qatar Financial Centre Regulatory Authority
Thailand Bank of Thailand
Tunisia Central Bank of Tunisia
United Arab Emirates   Dubai Financial Services Authority
Financial Services Regulatory Authority
Abu Dhabi Global Market
 
Supervisory groups, international agencies and other bodies
Arab Committee of Banking Supervisors
Association of Supervisors of Banks of the Americas
Caribbean Group of Banking Supervisors
Central Bank of West African States
Executives' Meeting of East Asia Pacific Working Group on Banking Supervision (EMEAP)  
Financial Stability Institute, Bank for International Settlements
Group of Banking Supervisors from Central and Eastern Europe
Group of International Finance Centre Supervisors
Gulf Cooperation Council Committee of Banking Supervisors
International Monetary Fund
Islamic Financial Services Board
World Bank
 
Secretariat
Bank for International Settlements

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: Denis Beau, Banque de France

The Accounting Experts Group (AEG) works to help ensure that international accounting and auditing standards and practices (i) promote sound risk management at banks; (ii) support market discipline through transparency; and (iii) reinforce the safety and soundness of the banking system. To fulfil this mission, AEG develops prudential reporting guidance and takes an active role in the development of international accounting and auditing standards.

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

Name Purpose
Audit Subgroup   Promotes reliable financial information by exploring key audit issues from a banking supervision perspective; responds to international audit standard-setting proposals, other issuances of the International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants, and audit quality issues.