Question

    What does BCBS stand

    for?
    A Basel Committee on Banking Settlements Correct Answer Incorrect Answer
    B Basel Committee on Banking Supervision Correct Answer Incorrect Answer
    C Basel Cooperation for Banking Support Correct Answer Incorrect Answer
    D Basel Cooperation for Banking Stability Correct Answer Incorrect Answer
    E Basel Committee on Banking Stability Correct Answer Incorrect Answer

    Solution

    Basel Committee on Banking Supervision (BCBS) is headquartered at Bank for International Settlement (BIS), Basel, Switzerland. The committees has given Basel Accord which is a set of global voluntary regulatory framework for banking supervision to ensure financial stability. Till date, the BCBS has released three Basel Accords known as Basel 1, Basel 2 and Basel 3. Currently the BASEL 3 is applicable

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