Indian Administrative Service - IAS Exam

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• The Basel Committee on Banking Supervision (BCBS) issues Basel Norms for international banking regulations. The goal of these norms is to strengthen the international banking system by coordinating banking regulations around the world. BCBS is made up of 27 representatives from various countries around the world, including India. The Basel Committee has currently issued three guidelines to achieve its goal: Basel I, II, and III.

• promotes cooperation among central banks with a common goal of financial stability and banking regulatory standards. Every two months, the BIS hosts a meeting of the governors and senior officials of member countries' central banks.

• established the capital and risk-weighting structure for banks.