6 Bank Supervision by Norm Setting and Intervention 6.1 Institutions ...
6 Bank Supervision by Norm Setting and Intervention 6.1 Institutions ...
6 Bank Supervision by Norm Setting and Intervention 6.1 Institutions ...
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Self-CConceptiion<br />
of thhe<br />
Basel CCommit<br />
ttee:<br />
The Basel<br />
Commmittee<br />
onn<br />
<strong>Bank</strong> Suupervision<br />
n<br />
The Baasel<br />
Commmittee,<br />
established<br />
<strong>by</strong> the ce entral-bankk<br />
Governoors<br />
of the Group<br />
of Tenn<br />
countries<br />
at the eend<br />
of 19774,<br />
meets regularlyy<br />
four timmes<br />
a year.<br />
It has<br />
about tthirty<br />
techhnical<br />
worrking<br />
grouups<br />
<strong>and</strong> tas sk forces wwhich<br />
alsoo<br />
meet reg gularly.<br />
The CCommitteee's<br />
membeers<br />
come from Be elgium, Canada,<br />
Frrance,<br />
Ge ermany,<br />
Italy, JJapan,<br />
Luxxembourgg,<br />
the Nethherl<strong>and</strong>s,<br />
Spain, S Swweden,<br />
Swiitzerl<strong>and</strong>,<br />
United<br />
Kingdoom<br />
<strong>and</strong> UUnited<br />
Stattes.<br />
Counttries<br />
are re epresentedd<br />
<strong>by</strong> their central ba ank <strong>and</strong><br />
also <strong>by</strong>y<br />
the authority<br />
withh<br />
formal reesponsibil<br />
lity for thee<br />
prudential<br />
supervi ision of<br />
bankinng<br />
business<br />
where thhis<br />
is not tthe<br />
central l bank. Thhe<br />
present Chairman n of the<br />
Commmittee<br />
is MMr.,<br />
Presiddent<br />
<strong>and</strong> CEO of the t Federral<br />
Reservve<br />
<strong>Bank</strong> of o New<br />
York.<br />
The CCommitteee<br />
does nnot<br />
possesss<br />
any fo ormal suupranationnal<br />
super rvisory<br />
authorrity,<br />
<strong>and</strong> iits<br />
concluusions<br />
do nnot,<br />
<strong>and</strong> were w neveer<br />
intendeed<br />
to, hav ve legal<br />
force. Rather, iit<br />
formulaates<br />
broadd<br />
supervis sory st<strong>and</strong>dards<br />
<strong>and</strong>d<br />
guidelin nes <strong>and</strong><br />
recommmends<br />
staatements<br />
countriies'<br />
supervvisory<br />
techhniques.<br />
Prof. Dr. Hanns-Peter<br />
Burghoff,<br />
University of Hohenheim, H <strong>Bank</strong> Management<br />
of best ppractice<br />
in i the exxpectationn<br />
that ind dividual<br />
authoriities<br />
will take stepss<br />
to impleement<br />
the em througgh<br />
detailedd<br />
arrangem ments -<br />
statutoory<br />
or otheerwise<br />
- wwhich<br />
are best suite ed to theirr<br />
own natiional<br />
syste ems. In<br />
this waay,<br />
the Coommittee<br />
encouragees<br />
converg gence towwards<br />
commmon<br />
appr roaches<br />
<strong>and</strong> coommon<br />
st<strong>and</strong>ards<br />
wwithout<br />
atttempting<br />
detailed hharmonizaation<br />
of member<br />
m<br />
?<br />
170
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