Science Fair Project Encyclopedia
Basel Committee on Banking Supervision
Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations (see G-10). It was created in 1974 and meets regularly four times a year.
The Basel Committee formulates broad supervisory standards and guidelines and recommends statements of best practice in banking supervision in the expectation that member authorities will take steps to implement them through their own national systems, whether in statutory form or otherwise.
The purpose of the committee is to encourage convergence toward common approaches and standards.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details