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Abstract

The Basel Committee on Banking Supervision was established in 1974, under the auspices of the Bank for International Settlements, by the Governors of the Central Banks of the most industrialized countries (G-10), following a default in a German credit institution which had determined negative effects in many countries. This body does not have legislative autonomy in finance and it is not a supranational supervisory authority.

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© 2016 Vincenzo Formisano

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Formisano, V. (2016). The Evolution of Prudential Regulation. In: Non-Knowledge Risk and Bank-Company Management. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137497130_2

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