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Discussion

"Basel Committee on Banking Supervision" is also known as ___________________________.

  • A.Bank for International Settlements Committee
  • B.Banking Regulation Committee
  • C.Financial Stability Board
  • D.Global Financial System

Answer: B

At the end of 1974, the central bank governors of the G10 countries established a Committee on Banking Regulations and Supervisory Practices. The Committee was designed as a forum for regular cooperation between its member countries on banking supervisory matters.

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