Basel Committee on Banking Supervision, committee of the , an institution that promotes financial and monetary cooperation among the world’s central banks. The Basel Committee on Banking Supervision was created in 1974 as an ongoing forum to discuss banking supervisory matters. Member countries of the committee include , , , , , , , the Netherlands, , , , the United Kingdom, and the . The committee’s secretariat, consisting of supervisors from central banks and other authorities of member countries, is located in , Switz.The Basel Committee is guided by two overarching principles: no banking system should operate unsupervised, and supervision of banks must be adequate. The work of the Basel Committee is executed primarily through four subcommittees: the Accord Implementation Group, the Policy Development Group, the Accounting Task Force, and the International Liaison Group. The committee is best known for developing guidelines and standards in the areas of capital adequacy, for overseeing cross-border banking activities, and for developing the core principles of effective banking supervision., The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions., The Basel Committee on Banking Supervision is an international committee of central bankers from 27 countries and EU formed to regulate banking..