economics easy MCQ

The Basel Committee on Banking Supervision (BCBS), which formulates the global standards for bank capital and liquidity, is headquartered at the Bank for International Settlements (BIS) in:

  1. New York, USA
  2. London, UK
  3. Basel, Switzerland
  4. Frankfurt, Germany

Answer: Basel, Switzerland

The BCBS was founded in 1974 by central bank governors of the G10 countries. Operating from Basel, Switzerland, it serves as the primary global standard-setter for the prudential regulation of banks, aiming to enhance financial stability worldwide by ensuring that banks maintain adequate capital buffers to absorb unexpected shocks.

Topic Banking - Regulation
Exam Relevance Banking, SSC, Railway
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