DEFINITION
Basel Committee on Banking Supervision

An international committee of bank supervisors that develops and issues international standards on bank capital adequacy. In 1988 the BCBS introduced a capital measurement system commonly known as the Basel Capital Accord or Basel I. In 2004 the BCBS issued a revised framework that is commonly referred to as Basel II. Following the financial crisis, the BCBS developed new global standards for the banking system that are collectively referred to as Basel III.

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