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Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions.
Jan 1, 2023 · The Basel Framework is the full set of standards of the Basel Committee on Banking Supervision (BCBS), which is the primary global standard setter for the prudential regulation of banks.
The Basel Committee - initially named the Committee on Banking Regulations and Supervisory Practices - was established by the central bank Governors of the Group of Ten countries at the end of 1974 in the aftermath of serious disturbances in international currency and banking markets (notably the failure of Bankhaus Herstatt in West Germany).
The Basel framework is applied on a consolidated basis to internationally active banks. It captures the risks of a whole banking group. Although the framework recognises the need for adequate capitalisation on a stand-alone basis, it does not prescribe how to measure the solo capital requirements which is left to individual supervisory authorities.
Basel III: A global regulatory framework for more resilient banks and banking systems - post BCBS meeting - revised version June 2011. This standard has been integrated into the consolidated Basel Framework: https://www.bis.org/basel_framework/.
Our mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. To pursue our mission, we provide central banks with: a forum for dialogue and broad international cooperation.
The Basel III framework is a central element of the Basel Committee’s response to the global financial crisis. It addresses a number of shortcomings in the pre -crisis regulatory framework and provides a foundation for a resilient banking system that will help avoid the build-up of systemic vulnerabilities.
Jun 1, 2011 · The Basel III framework is a central element of the Basel Committee's response to the global financial crisis. It addresses a number of shortcomings in the pre-crisis regulatory framework and provides a foundation for a resilient banking system that will help avoid the build-up of systemic vulnerabilities.
Jan 14, 2019 · The Minimum capital requirements for market risk replaces an earlier version of the standard as published in January 2016. The standard has been revised to address issues that the Basel Committee identified in the course of monitoring the implementation and impact of the framework.
