BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank’s Committee on Banking Supervision
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Basel Committee on Banking Supervision
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Bank’s Commission on Banking Supervision
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Basel Commission on Banking Supervision
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Detailed explanation-1: -The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions.
Detailed explanation-2: -The Basel Committee on Banking Supervision (BCBS) is an international committee formed to develop standards for banking regulation. As of 2022, it is made up of Central Banks and other banking regulatory authorities from 28 jurisdictions and has 45 members.
Detailed explanation-3: -Basel IV is the informal name for a set of proposed international banking reforms, scheduled to go into effect on Jan. 1, 2022, and is expected to take five years to fully implement. Basel IV builds on the earlier Basel Accords: Basel I, Basel II, and Basel III.
Detailed explanation-4: -Basel Committee on Banking Supervision at the Bank for International Settlements website.