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Basel II builds on the first Capital Accord published by the BCBS in 1988, which set out the first internationally accepted definition of bank capital and a The Basel Convention regulates the transboundary movements of hazardous wastes and other wastes and obliges its Parties to ensure that such wastes are managed Basel. Page 6. What is the Basel Committee? • Basel Committee on Banking Supervision was established by the central-bank governors of the G10 countries in 1974.found that, overall, the Basel III credit risk framework is suitable for eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:146:0001:0033:EN:PDF. Basel standards are currently published on the website of the Bank for International Settlements. (BIS), as a series of pdf documents. The Basel Framework is the full set of standards of the Basel Committee on Banking Supervision. (BCBS), which is the primary global standard.