The Basel Committee on Banking Supervision was established asthe Committee on Banking Regulations and Supervisory Practicesat the end of 1974 in the aftermath of the failure of BankhausHerstatt inWest Germany
It Constitutes of the central-bank Governors of the Group of TenCountries.
The first meeting took place in February 1975 and meetings have been held regularly three or four times a year since Most recenttook place in took place in Brussels in September 2009
In May 1983 the Committee finalised a document
Principles for theSupervision of Banks' Foreign Establishments