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Basel ii
Compliance - The Bank for International Settlements (BIS)
The Bank for International Settlements (BIS)
is an international organisation which fosters international monetary and financial
cooperation and serves as a bank for central banks.
The BIS fulfils this mandate by acting as:
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a
forum to promote discussion and policy analysis among central
banks and within the international financial community
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a
centre for economic and monetary research
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a
prime counterparty for central banks in their financial
transactions
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agent or trustee in connection with international financial
operations
The head office is in Basel, Switzerland and there are two
representative offices: in the Hong Kong Special Administrative
Region of the People's Republic of China and in Mexico City.
Established on 17 May 1930, the BIS is the world's oldest
international financial organisation.
As its customers are central banks and international organisations,
the BIS does not accept deposits from, or provide financial services
to, private individuals or corporate entities. The BIS strongly
advises caution against fraudulent schemes.
Basel ii Compliance
Portal - About the Basel Committee
The Basel Committee on Banking Supervision
provides a forum for regular cooperation on banking supervisory
matters. Its objective is to enhance understanding of key
supervisory issues and improve the quality of banking supervision
worldwide. It seeks to do so by exchanging information on national
supervisory issues, approaches and techniques, with a view to
promoting common understanding. At times, the Committee uses this
common understanding to develop guidelines and supervisory
standards in areas where they are considered desirable. In this
regard, the Committee is best known for its international
standards on capital adequacy; the Core Principles for Effective
Banking Supervision; and the Concordat on cross-border banking
supervision.
The Committee's members come from Belgium, Canada, France,
Germany, Italy, Japan, Luxembourg, the Netherlands, Spain, Sweden,
Switzerland, the United Kingdom and the United States.
Countries are represented by their central bank and also by the
authority with formal responsibility for the prudential
supervision of banking business where this is not the central
bank.
The Committee encourages contacts and cooperation among its
members and other banking supervisory authorities. It circulates
to supervisors throughout the world both published and unpublished
papers providing guidance on banking supervisory matters. Contacts
have been further strengthened by an International Conference of
Banking Supervisors (ICBS) which takes place every two years.
The Committee's Secretariat is located at the Bank for
International Settlements
in Basel, Switzerland, and is staffed
mainly by professional supervisors on temporary secondment from
member institutions. In addition to undertaking the secretarial
work for the Committee and its many expert sub-committees, it
stands ready to give advice to supervisory authorities in all
countries.
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