Promoting sound financial standards and regulations

From the 1970s onwards, the BIS has become host to the main global standard setters for the financial system. The BIS member central banks and supervisory authorities, working through the Basel-based committees, have been the driving force behind this. The growing global outreach of the BIS over the last quarter century has been hugely beneficial to this process. However, the ultimate political responsibility for setting financial standards and regulations remains where it belongs: with domestic policymakers.

1930s – 1960s
Early information sharing on standards and regulations.
1971 – 1988
From monitoring financial stability risks to the Basel I Capital Accord.
1988 – 2004
International standards for payment systems and banking supervision.
2007 – 2020
Post-crisis reforms and global governance.