Basel Committee on Banking Supervision

Its responsibilities continued to expand.

A major development came in 1974 with the creation of the Basel Committee on Banking Supervision.

The committee subsequently developed the Basel I, Basel II, and Basel III frameworks, including how commercial banks calculate capital requirements, access financial risks, and manage liquidity.

These standards do not automatically become law.

The 1970s became a pretty key time.

In 1974, the BIS became the home of the newly established Basel Committee on Banking Supervision.

That very same year, I consider it very suspicious, Mark Rich and Pinky, or Pincus Green, established their commodity trading company also in Switzerland.

that business that eventually became glencore you know the people all over africa so who were the bankers financing mark rich and pinky green did any of these financial relationships intersect with the bis or its member institutions well i don't know Looking into men who trade oil, copper, cobalt, and gold, I don't know.

The liquidation resolution was never carried out.

European central bankers argued for preserving the institution, and it went on to assume additional responsibilities in international finance.

So in 1974, the Basel Committee on Banking Supervision was established under the auspices of the BIS.

That committee subsequently developed international banking standards, including Basel I, Basel II, and Basel III.

But still, IMA validation is, is a complex effort that requires a significant investment from, from banks' internal teams.

Basel Committee on Banking Supervision has explicitly included crypto in this framework.

I wonder if you could explain a little bit for, for the audience why crypto is becoming relevant i-in the FRTB context and, and also perhaps a little bit of sort of color on how crypto assets are being treated under the Basel framework.

I think crypto is, is being brought into the scope of regulations in general, uh, in order to ensure a kind of a consistent treatment.

Financial regulation is notoriously fragmented by jurisdiction.

A user might find a verified page detailing a standard from the Basel Committee on Banking Supervision.

Right, the Global Standard Setter.

Exactly.

Mm.

So it hosts several important committees like the Basel Committee, which says that, uh, b- banks have to have 8% of weighted assets against-

Yeah

... loans.

And this is actually an area that I studied really well, and I was wondering about that myself.

And when I realized that whether you talk about medieval guilds or exchanges that got created under a tree or something, or whether you talk about modern standard centers like the Basel Committee, the rule writer and the rule taker in self-regulation are two different bodies.

In corporate ordering, the company writes rules for itself and its stakeholders in the same stroke.

These are contracts only formally.

Most people don't know.

I think very little really is focused on this, but I'm on their site right now, Vicki, and it says three-quarters of the Basel Committee's 27 member jurisdictions have now published regulations implementing the full set of Basel III standards.

Almost all member jurisdictions have publicly announced that banks must apply Basel III by April 2027 or earlier.

The committee will continue to closely monitor and assess the full and consistent implementation of the Basel III standards.

Member jurisdictions of the Basel Committee on Banking Supervision made further progress in implementing the Basel III reforms, according to the committee's latest progress update published today.

This was dated October 5, 2026, so literally just five days ago.

The update monitoring dashboard set out the jurisdictional adoption status of the Basel III standards as of end September 2026 and show where the standards are already implemented by banks.

Right.

You may be perfectly aligned with the Basel Committee principles for operational resilience.

Or, you know, you might follow NIST systems security engineering frameworks down to the letter.

You have all the binders.