The Basel Committee on Banking Supervision is an organization of 27 nations that ________.

Question

Quizplus · Accepted Answer

The Basel Committee on Banking Supervision is responsible for setting capital requirements for banks in order to ensure financial stability and prevent banking crises. The committee does not have authority over creating government programs like the Troubled Asset Relief Program, setting ethical standards for shadow banks, or issuing reports blaming corporate governance and risk management for the financial crisis.

The Basel Committee on Banking Supervision Is an Organization of 27