Basel Committee on Banking Supervision and Insurance: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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(BCBS).
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.  
 
The Basel Committee on Banking Supervision is a forum for cooperation between bank supervisors established in 1974 by the [[G10]] and hosted by the [[Bank for International Settlements]] in Basel, Switzerland.
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.
 
The Basel Committee is the primary global standard-setter for the prudential regulation of banks. It seeks to strengthen the regulation, supervision and practices of banks to support financial stability.
 
 


== See also ==
== See also ==
* [[BaFin]]
* [[Captive insurance company]]
* [[GHOS]]
* [[Chartered Insurance Institute]]
* [[Pillar 1]]
* [[Fixing instrument]]
* [[Pillar 2]]
* [[ILS]]
* [[Pillar 3]]
* [[Insurable]]
* [[WGMR]]
* [[Insurance risk]]
* [[Insure]]
* [[Option]]
* [[Premium]]
* [[Risk]]
* [[Underwriting]]

Revision as of 11:28, 19 May 2015

A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.

Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.

See also