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The Basel Accords refer to the banking supervision Accords (recommendations on banking regulations)—
Basel I Basel I is the round of deliberations by central bankers A central bank, reserve bank, or monetary authority is an institution that manages the currency A currency, "in circulation", from la, currens, -entis, literally meaning "runni ...
,
Basel II Basel II is the second of the Basel Accords The Basel Accords refer to the banking supervision Accords (recommendations on banking regulations)—Basel I Basel I is the round of deliberations by central bankers A central bank, reserve ban ...
and
Basel III Basel III (or the Third Basel Accord or Basel Standards) is a global, voluntary regulatory framework on bank capital adequacy A capital requirement (also known as regulatory capital or capital adequacy) is the amount of capital a bank A ...
—issued by the
Basel Committee on Banking Supervision 300px, BCBS headquarters. The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten (economic), Group of Ten countries in 1974. The co ...
(BCBS). They are called the Basel Accords as the BCBS maintains its
secretariat Secretariat may refer to: * Secretariat (administrative office) The secretariat of an organization is the department that fulfils its Central administration, central administrative or General Secretary, general secretary duties. The term is especi ...
at the
Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject ...

Bank for International Settlements
in
Basel , french: link=no, Bâlois(e), it, Basilese , neighboring_municipalities= Allschwil , neighboring_municipalities= Baselland (BL), Binningen, Switzerland, Binningen, Buschwiller (FR-68), Hégenheim (FR-68), Neuwiller (FR-68), Oberwil, Basel- ...

Basel
,
Switzerland , french: Suisse(sse), it, svizzero/svizzera or , rm, Svizzer/Svizra , government_type = Federalism, Federal semi-direct democracy under an assembly-independent Directorial system, directorial republic , leader_title1 = Fe ...

Switzerland
and the committee normally meets there. The Basel Accords is a set of recommendations for regulations in the
banking industry {{set category, first= industries (branches of an economy), alternative=industries, topic=Industry (economics) For other meanings of "industries", see :Industries. ...

banking industry
.


The Basel Committee

Formerly, the Basel Committee consisted of representatives from central banks and regulatory authorities of the Group of Ten countries plus
Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a landlocked ...

Luxembourg
and
Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = , national_anthem = , image_map = , map_caption = , image_map2 ...

Spain
. Since 2009, all of the other
G-20 major economies The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union The European Union (EU) is a political and economic union of member states that are located primarily in Europe Europe ...
are represented, as well as some other major banking locales such as
Hong Kong Hong Kong (; , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), is a city A city is a large human settlement.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Pe ...

Hong Kong
and
Singapore Singapore (), officially the Republic of Singapore, is a sovereign state, sovereign island city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

Singapore
. (See the
Committee A committee or commission is a body of one or more persons subordinate to an assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more fully than w ...
article for a full list of members.) The committee does not have the authority to enforce recommendations, although most member countries as well as some other countries tend to implement the Committee's policies. This means that recommendations are enforced through national (or
EU
EU
-wide) laws and regulations, rather than as a result of the committee's recommendations - thus some time may pass between recommendations and implementation as law at the national level.


See also

*
Basel I Basel I is the round of deliberations by central bankers A central bank, reserve bank, or monetary authority is an institution that manages the currency A currency, "in circulation", from la, currens, -entis, literally meaning "runni ...
*
Basel IA Basel IA was proposed as an intermediate between the current Basel I Basel I is the round of deliberations by central bankers A central bank, reserve bank, or monetary authority is an institution that manages the currency A currency, "i ...
*
Basel II Basel II is the second of the Basel Accords The Basel Accords refer to the banking supervision Accords (recommendations on banking regulations)—Basel I Basel I is the round of deliberations by central bankers A central bank, reserve ban ...
*
Basel III Basel III (or the Third Basel Accord or Basel Standards) is a global, voluntary regulatory framework on bank capital adequacy A capital requirement (also known as regulatory capital or capital adequacy) is the amount of capital a bank A ...
*
Basel IV The Basel IV standards are changes to global bank capital requirements that were agreed in 2017 and are due for implementation in January 2023. They amend the international banking standards known as the Basel Accords The Basel Accords refer to the ...


Notes

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References

*http://www.bis.org: Bank for International Settlements. Financial regulation Basel II