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Basil Committee

Basel Committee on Banking Supervision (BCBS) is a committee formed in 1974 by central bank governors to develop banking regulations standards and enhance the quality of banking supervision around the world. The original committee was comprised of the 10 countries (G-10) and has since been expanded several times. Currently, the BCBS has 45 members from 28 jurisdictions. The Committee provides a venue for the cooperation of banking regulators and supervisors and its goal of promoting global and financial stability through international cooperation.

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