Basler committee
of the Basler committee (called in Germany often also Baseler committee) was created 1974 by the central banks and bank supervisory authorities of the most important industrialized countries. It meets every three months with the bank for international clearing payment in Basel . Its major task is it to contribute to the introduction of high and as uniform a standards as possible in the state supervision of the banks. But the committee prepares guidelines and recommendations, on which the supervisory authorities of a country can rely. These guidelines are not legally compelling, but represent only recommendations, which must be converted into national right. Generally however assumed that that the recommendations are taken over, since the guidelines in discussion with banks and supervisory authorities in all world develop.
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see also: State supervision of the banks, Basel I, Basel II
