Are global banks truly prepared for the next financial storm? The Basel Accords, a cornerstone of international banking regulation, are designed to ensure stability and resilience in the face of economic turmoil. But are these accords enough, and are they being implemented effectively across the globe?

The quest for a robust and harmonized global banking system has led to the evolution of the Basel Norms, a series of international banking regulations issued by the Basel Committee on Banking Supervision (BCBS). These norms represent a concerted effort to coordinate banking regulations across the globe, with the overarching goal of strengthening the international banking system and mitigating systemic risk. Understanding the key features, significance, and challenges surrounding the implementation of these norms is crucial for anyone involved in the financial industry, from regulators to bankers to everyday citizens who rely on a stable financial system.

Category	Information
Name	Basel Committee on Banking Supervision (BCBS)
Establishment	1974
Location	Basel, Switzerland
Parent Organization	Bank for International Settlements (BIS)
Objective	To strengthen the regulation, supervision, and practices of banks worldwide with the purpose of enhancing financial stability.
Key Achievements	Development and continuous refinement of the Basel Accords (Basel I, Basel II, Basel III)
Current Focus	Monitoring and promoting the implementation of Basel III and developing responses to emerging risks and challenges in the banking sector.
Website	www.bis.org/bcbs/