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Fact sheet - Basel Committee on Banking Supervision

Functions

The Committee provides a forum for regular cooperation on banking supervisory matters. Over recent years, it has developed increasingly into a standard-setting body on all aspects of banking supervision.

Membership

Senior officials responsible for banking supervision or financial stability issues in central banks and authorities with formal responsibility for the prudential supervision of banking business where this is not the central bank.

Basel Committee Member Countries
Argentina Korea
Australia Luxembourg
Belgium Mexico
Brazil Netherlands
Canada Russia
China Saudi Arabia
France Singapore
Germany South Africa
Hong Kong SAR Spain
India Sweden
Indonesia Switzerland
Italy Turkey
Japan United Kingdom
  United States

 

Chairman

Nout Wellink, President of the Netherlands Bank.

Secretariat

Secretary General: Stefan Walter, supported by a staff of 14.

Frequency of meetings

The Basel Committee usually meets four times per year.

Reporting arrangements

The Basel Committee on Banking Supervision reports to a joint committee of central bank Governors and (non-central bank) heads of supervision from its member countries (as listed above).

Outreach

The Committee maintains links with supervisors not directly participating in the committee with a view to strengthening prudential supervisory standards in all the major markets. These efforts take a number of different forms, including:

Main subgroups