Overview
The Basel Committee on Banking Supervision (BCBS) is the primary global standard-setter for the prudential regulation of banks, hosted at the Bank for International Settlements (BIS) in Basel, Switzerland. It issues the Basel Accords (Basel I/II/III) and their component standards.
Key Contributions / Features
- Fundamental Review of the Trading Book (FRTB) (BCBS 2016): the revised market-risk framework replacing 99% VaR with 97.5% Expected Shortfall, with liquidity horizons and desk-level model approval.
- Basel I/II/III capital, leverage, and liquidity standards for internationally active banks.
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