Basel Committee

Monday, September 1st, 2014

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 countries in 1974. Basel I was implemented in 1993 whereas the implementation for Basel II started in 2006/2007. Basel III which is yet to be introduced, although already incorporated by some banks, is based on three pillars being eligible capital, stress testing and market liquidity.