Optimize IAS
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us

What is Basel Committee on Banking Supervision?

  • June 23, 2020
  • Posted by: admin1
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

Subject: Economy

Context:

The Discussion Paper on “Governance in Commercial Banks” released by the RBI is a high-quality document that contains principles drawn from those released by the Basel Committee on Banking Supervision (BCBS) in 2015.

Concept:

  • 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
  • The BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters.
  • Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.
  • The BCBS does not possess any formal supranational authority.
  • Its decisions do not have legal force. Rather, the BCBS relies on its members’ commitments
  • BCBS members include organizations with direct banking supervisory authority and central banks.

Basel Accords

  • The Basel Accords are three series of banking regulations (Basel I, II, and III) set by the Basel Committee on Bank Supervision (BCBS).
  • The committee provides recommendations on banking regulations, specifically, concerning capital risk, market risk, and operational risk. The accords ensure that financial institutions have enough capital on account to absorb unexpected losses.
  • In 2010, Basel III guidelines were concluded. These guidelines were introduced in response to the financial crisis of 2008. The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity.
economy What is Basel Committee on Banking Supervision?
Print Friendly, PDF & Email
Loading

Recent Posts

  • Quiz 2021: Prelims Power Play 27 January 2021 January 27, 2021
  • Daily Prelims Notes 27 January 2021 January 27, 2021
  • FICCI January 27, 2021
  • GOVIND BALLABH PANT January 27, 2021
  • UNSC January 27, 2021
  • INDIAN ASTRONOMICAL UNION January 27, 2021
  • REGEN-COV January 27, 2021
  • EUROPEAN COMMISSION January 27, 2021
  • SILENT CYBER January 27, 2021
  • CCI January 27, 2021

About

If IAS is your destination, begin your journey with Santosh Sir. I have the distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do 

My Initiative

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

Contact@optimizeias.com

Search