Basel Committee on Banking Supervision

The Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations . It was created in 1974 and meets regularly four times a year.Its membership is now composed of senior representatives of bank supervisory authorities and central banks from the G-10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States), and representatives from Luxembourg and Spain. It usually meets at the Bank for International Settlements in Basel, where its 12 member permanent Secretariat is located.
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The Basel Committee was established as the Committee on Banking Regulations and Supervisory Practices by the central bank Governors of the Group of Ten (G-10) countries at the end of 1974. BIS provides Secretariat for the Basel Committee in Basel, Switzerland.