Session - 8 - FIN 441 Bank Management & Electronic...

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Bank Management & Electronic Banking FIN 441
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2 Session 8 BASEL ACCORD I & II
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3 Session 8 : Introduction ** The Basel Accord  or Basle Accord refers to the banking  supervision accords. Basel I and Basel II issued by the  Basel  Committee on Banking Supervision  (BCBS).  ** They are called the Basel Accords as the BCBS maintains  its  secretariat  at  the  Bank  of  International  Settlements  in  Basel, Switzerland  and the committee normally meets there.
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4 Session 8 : The Basel Committee **  The  Basel  Committee  consists  of  representatives  from  central banks and regulatory authorities of the G10 countries,  plus others (specifically Luxembourg and Spain).  **  The  committee  does  not  have  the  authority  to  enforce  recommendations,  although  most  member  countries  (and  others) tend to implement the Committee's policies.  **  This  means  that  recommendations  are  enforced  through  national laws and regulations. 
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5 Session 8 : The Basel Committee **  That  is  the  committee  does  not  possess  any  formal  supranational  supervisory  authority,  and  its  conclusions  do  not, and were never intended to, have legal force.  **  Rather  it  formulates  broad  supervisory  standards  and  guidelines  and  recommends  statements  of  best  practice  in  the  expectation  that  individual  authorities  will  take  steps  to  implement  them  through  detailed  arrangements  which  are  best suited to their own national systems. 
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Session - 8 - FIN 441 Bank Management & Electronic...

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