Basel Committee groups

The BCBS's permanent internal structure is made up of five groups: the Policy Development Group, the Supervision and Implementation Group, the Macroprudential Supervision Group, the Accounting Experts Group and the Basel Consultative Group. 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 may also be created 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: Carolyn Rogers, 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
Credit Risk Group Assesses issues with the credit risk regulatory framework. Reports to the PDG and SIG
Market Risk Group Assesses issues with the market risk regulatory framework. 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 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
Operational Resilience Working Group Assesses issues related to cyber-risk and broader operational resilience. Reports to the PDG and SIG

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

Name Purpose
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 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
Operational Resilience Working Group Assesses issues related to cyber-risk and broader operational resilience. Reports to the PDG and SIG
Credit Risk Group Assesses issues with the credit risk regulatory framework. Reports to the PDG and SIG
Market Risk Group Assesses issues with the market risk regulatory framework. Reports to the PDG and SIG

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: Kuben Naidoo, South African Reserve Bank
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

Argentina Banco Central de la República Argentina (BCRA)
Armenia Central Bank of Armenia
Austria Austrian Financial Market Authority
Azerbaijan Financial Market Supervision Authority
Canada Office of the Superintendent of Financial Institutions
Chile Financial Markets Commission
China China Banking and Insurance Regulatory Commission
Colombia Unit of Financial Regulation
Croatia Croatian National Bank
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)
Ghana Bank of Ghana
Hungary Central Bank of Hungary
Japan Bank of Japan
Financial Services Agency
Kazakhstan National Bank of Kazakhstan
Lebanon Lebanese Banking Control Commission
Malaysia Central Bank of Malaysia
Mauritius Bank of Mauritius
Mexico Comisión Nacional Bancaria y de Valores
Netherlands Nederlands Bank
New Zealand Reserve Bank of New Zealand
Nigeria Central Bank of Nigeria
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
Russia Central Bank of the Russian Federation
Saudi Arabia Saudi Central Bank
Spain Bank of Spain
Switzerland Swiss Financial Market Supervisory Authority
Thailand Bank of Thailand
Tunisia Central Bank of Tunisia
Ukraine National Bank of Ukraine
United Arab Emirates   Dubai Financial Services Authority
Financial Services Regulatory Authority
Abu Dhabi Global Market
United States of America Board of Governors of the Federal Reserve System
Supervisory groups, international agencies and other bodies
Arab Committee of Banking Supervisors
Association of African Central Banks
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
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: 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

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.