Organisation and governance
The governance structure of the Basel Committee comprises a chair, standing groups focused on risk assessment, supervision, standard-setting and outreach, and the Secretariat hosted by the BIS.
The BCBS reports to the Group of Central Bank Governors and Heads of Supervision (GHOS) - its oversight body - and seeks its endorsement for major decisions.
Organisational chart
The BCBS reports to the GHOS - its oversight body - comprising of central bank Governance and (non-central bank) heads of supervision from the Committee's members.
GHOS appoints the BCBS Chair from among its members to direct the work of the Committee in accordance with the BCBS mandate.
The Committee has established four groups to undertake its work on risk assessment, supervisory cooperation, policy development and engagement with non-member countries.
The Committee's Secretariat is hosted and supported by the BIS in Basel.
Basel Committee Chair
The Chair is appointed by the GHOS for a term of three years that can be renewed once. The Chair's main responsibilities are to direct the work of the Committee in accordance with the BCBS mandate, including to:
- convene and chair BCBS meetings (where attendance is not possible, the Chair may designate the Secretary General to chair the meeting on his/her behalf)
- monitor the progress of the BCBS work programme and provide operational guidance between meetings to carry forward the decisions and directions of the BCBS
- report to the GHOS when appropriate
- represent the BCBS externally and be its principal spokesperson
| Pablo Hernández de Cos Governor, Bank of Spain | 2019-2024 |
| Stefan Ingves Governor, Sveriges Riksbank | 2011-1019 |
| Nout Wellink President, Netherlands Bank | 2006-2011 |
| Jaime Caruana Governor, Bank of Spain | 2003-2006 |
| William J McDonough President, Federal Reserve Bank of New York | 1998-2003 |
| Tom de Swaan Executive Director, Netherlands Bank | 1993-1997 |
| E Gerald Corrigan President, Federal Reserve Bank of New York | 1991-1993 |
| Huib J Muller Executive Director, Netherlands Bank | 1988-1991 |
| Peter Cooke Associate Director, Bank of England | 1977-1988 |
| Sir George Blunden Executive Director, Bank of England | 1974-1977 |
Basel Committee Secretariat
The Secretariat is provided by the Bank for International Settlements (BIS) and supports the work of the Committee, the Chair and the groups around which the Committee organises its work.
The Secretariat's main responsibilities are to:
- provide support and assistance to the Committee, the Chair, groups, working groups, virtual networks, and task forces
- ensure timely and effective information flow to all BCBS members
- facilitate coordination across groups, working groups, virtual networks, and task forces
- facilitate a close contact between BCBS members and non-member authorities
- support the cooperation between the BCBS and other institutions
- maintain the BCBS records, administer the BCBS website and deal with correspondence of the BCBS
- carry out all other functions that are assigned by the Committee and the Chair
Institutions represented on the BCBS
The Basel Committee comprises 45 members from 28 jurisdictions, consisting of central banks and authorities with formal responsibility for the supervision of banking business. Additionally, the Committee has eight observers including central banks, supervisory groups, international organisations and other bodies. The Committee expanded its membership in 2009 and again in 2014.
* The access of the Central Bank of the Russian Federation to all BIS services, meetings and other BIS activities has been suspended.
| Country | Institutional representative |
|---|---|
| Chile | Banking and Financial Institutions Supervisory Agency |
| Malaysia | Central Bank of Malaysia |
| United Arab Emirates | Central Bank of the United Arab Emirates |
| Supervisory groups, international agencies and other bodies |
|---|
| Bank for International Settlements |
| Basel Consultative Group |
| European Banking Authority |
| European Commission |
| International Monetary Fund |
Basel Committee Groups
The BCBS's permanent internal structure is made up of four groups: the Risks and Vulnerabilities Assessment Group, the Supervisory Cooperation Group, the Policy and Standards Group and the Basel Consultative Group. The groups are supported by a set of working groups with expertise in specific areas of policy and supervision.
The Risks and Vulnerabilities Assessment Group (RVG) leads the Committee's work on the monitoring and assessment of risks and vulnerabilities that could impact the resilience of the global banking system.
Co-chairs:
- Cornelia Holthausen, European Central Bank
- Fabrizio López Gallo Dey, Bank of Mexico
The Supervisory Cooperation Group (SCG) leads the Committee's work on strengthening supervision of banks worldwide and promoting strong and effective supervisory cooperation on cross-border banking issues.
Co-chairs:
- Emmanuelle Assouan, Prudential Supervision and Resolution Authority (ACPR)
- Ben Gully, Office of the Superintendent of Financial Institutions
The Policy and Standards Group (PSG) leads the Committee's work on the development and implementation of common prudential standards with the aim of ensuring a level playing field among internationally active banks and strengthening the regulation of banks worldwide.
Co-chairs:
- Arthur Yuen, Hong Kong Monetary Authority
- David Bailey, UK Prudential Regulation Authority
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-chairs:
- Denzel Bostander, South African Reserve Bank
- John Aspden, Group of International Finance Centre Supervisors
BCG membership comprises central banks and supervisory authorities, as well as supervisory groups, international agencies and other bodies.
Institutions represented in the Basel Consultative Group
| Countries | |
|---|---|
| Angola | National Bank of Angola |
| Argentina | Banco Central de la República Argentina (BCRA) |
| Armenia | Central Bank of Armenia |
| Austria | Austrian Financial Market Authority |
| Azerbaijan | Central Bank of Azerbaijan |
| 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 |
| India | Reserve Bank of India |
| Israel | Bank of Israel |
| Japan | Bank of Japan Financial Services Agency |
| Kazakhstan | Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market |
| 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 |
| Rwanda | National Bank of Rwanda |
| Saudi Arabia | Saudi Central Bank |
| South Africa | South African Reserve Bank |
| Spain | Bank of Spain |
| Switzerland | Swiss Financial Market Supervisory Authority |
| Thailand | Bank of Thailand |
| Tunisia | Central Bank of Tunisia |
| Türkiye | Banking Regulation and Supervision Agency |
| 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 |
| Uzbekistan | Central Bank of the Republic of Uzbekistan |
| Vietnam | State Bank of Vietnam |
| 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 |
| Secretariat |
|---|
| Bank for International Settlements |