Basel Committee announces Chile as host of the 2016 International Conference of Banking Supervisors

The Basel Committee announced today that Chile will host the 19th International Conference of Banking Supervisors (ICBS) that will take place in 2016. The ICBS, which has been held every two years since 1979, brings together senior bank supervisors and central bankers from more than 100 countries as well as representatives of international financial institutions. The conference promotes discussion of key supervisory issues and fosters continuing cooperation in the oversight of international banking. With its wide membership of senior supervisors and policymakers, the ICBS presents a unique opportunity for a broad-based discussion on issues that are timely and relevant to supervisors in advanced and emerging market jurisdictions alike.

Mr Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, noted that "this is a significant undertaking on the part of the Chilean authorities. It is a reflection of their commitment to be an active participant on the Basel Committee and to continue their adoption of global regulatory standards".

Notes to editors

The Basel Committee is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. Chile joined the Basel Committee in 2014 as an observer. Visit www.bis.org/bcbs/index.htm for further information about the Basel Committee.