Basel I Accord

Objectives of Basel I
Basel Committee for banking supervision was established in 1974 by central bank governors from the Group of Ten (G10), to focus on banking regulations and practices of bank supervision. Basel Committee consists of 11 members, and G10 plus Spain and Luxembourg, which are:
Belgium, Japan, Luxembourg, France, the Netherlands, Germany, Sweden, Switzerland, UK, Canada, Spain, USA, Italy

Developed three objectives of Basel I Accord:
- strengthen the health and stability of international banking system
- create a fair framework in the capital needs of banks active in international
- have a framework which is applied consistently to reduce the competition is not balanced among banks active in international