Question
What does BCBS stand
for?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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