MANAGEMENT

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 4 included new standards for credit risk and operational risk and a credit valuation adjustment. It also introduced an output floor, revisions to the definition of the leverage ratio and the application of the leverage ratio to global systemically important banks.

Detailed explanation-4: -The Basel Committee on Banking Supervision (BCBS) is one of the standing committees of the Bank for International Settlements.

Detailed explanation-5: -In 1988, the Committee announced the Basel Capital Accord. Known as Basel I, this consisted of a credit risk measurement framework with a minimum capital standard of 8%.