The BCBS develops international standards, and what applies to banks is the national or regional regulation. In Japan, the Financial Services Agency (FSA) has put in place notices, supervisory guidelines, and Q&As1.

Its oversight body is the Group of Central Bank Governors and Heads of Supervision (GHOS), which approved the finalization of Basel III. The rules the GHOS agrees are minimum standards, and each country or region may adopt more conservative rules2. FSA documents also refer to the BCBS in Japanese as "バーゼル委" (the Basel Committee).

Notes

  1. Financial Services Agency, "自己資本比率規制等（バーゼル規制）について" (On capital adequacy regulation (the Basel framework), our translation) (web page), the section "バーゼル規制の概要" (Overview of the Basel framework) (in Japanese). ↩

  2. Financial Services Agency, "プレス・リリース「中央銀行総裁・銀行監督当局長官はバーゼルⅢの最終化に合意」（仮訳）" (Press release "The Group of Central Bank Governors and Heads of Supervision agreed to the finalization of Basel III", provisional translation; our translation of the title) (December 7, 2017), page 1 (the GHOS as the oversight body, and the approval of the finalization) and page 2 (minimum standards) (in Japanese). ↩