The Basel Committee on Banking Supervision (BCBS) is the primary global standard-setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen banks’ regulation, supervision and practices worldwide to enhance financial stability.

The Regulatory Authority is a Basel Consultative Group (BCG) member, which facilitates supervisory dialogue with non-member countries and contributes information to the Committee’s regulatory and supervisory reform agendas. The managing director, Supervision and Authorisation, attends the BCG meetings, held two to three times a year.