The Basel Committee on Banking Supervision is an international organization operating under the patronage of the Bank for International Settlements; it is the primary global standard-setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.
The Basel Committee aims to: enhance the safety and reliability of the financial system, establish minimum standards in prudential supervision, disseminate best practices on banking supervision and promote international cooperation for prudential supervision. The Committee reports to the Group of Governors and Heads of Supervision (GHOS). The Committee seeks the endorsement of GHOS for its major decisions and its work programme.