Basel Committee

The international committee of banking supervisors that sets prudential standards for banks. Its standards are not binding until countries adopt them.

Where you will meet it

Basel Committee comes up in 10 learning outcome notes across the FRM syllabus. A few of them:

• Principles for Effective Data Aggregation and Risk Reporting
  FRM Part I · Foundations of risk management

  “The Basel Committee principles list the gains.”

• Operational Risk
  FRM Part I · Valuation and risk models

  “The Basel Committee replaced the basic indicator, standardized and advanced measurement approaches with the standardized measurement approach (SMA).”

• Regulating the Crypto Ecosystem: The Case of Unbacked Crypto Assets
  FRM Part II · Current issues in financial markets

  “The Basel Committee set a prudential standard for banks in December 2022.”

• Early Warning Indicators
  FRM Part II · Liquidity and treasury risk measurement and management

  “The Basel Committee on Banking Supervision (BCBS) is the international standard setter.”

All terms beginning with B · FRM glossary

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