Basel Committee On Bank Supervision
A committee established by the central bank governors of the Group of Ten countries in 1974 that seeks to improve the supervisory guidelines that central banks or similar authorities impose on both wholesale and retail banks. The committee makes banking policy guidelines for both member and non-member countries and helps authorities to implement its suggestions. Investopedia Says:
Though the committee itself does not have any superior authority over the governments and central banks to which it makes recommendations, its guidelines are broadly followed and well regarded in the international central banking and finance community. Related Terms:
Bank
Bank for International Settlements - BIS
Basel Accord
Basel I
Cooke Ratio
General Provisions
Group of Ten - G10
McDonough Ratio
Monetary Policy
Open Market Operations |