Chapter

Basel Banking Supervisors and the Construction of an International Standard-Setter Institution

Alexis Frédéric Drach

in Financial Elites and European Banking

Published in print August 2018 | ISBN: 9780198782797
Published online September 2018 | e-ISBN: 9780191825941 | DOI: https://dx.doi.org/10.1093/oso/9780198782797.003.0010
Basel Banking Supervisors and the Construction of an International Standard-Setter Institution

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From the 1970s on, banking supervision grew in size and importance. Which were the characteristics of the regulatory elite leading this activity? Based on archival material from central banks and supervisory institutions and on a collective biography analysis, this chapter explores the profile of the Basel Committee on Banking Supervision members, their role in the construction of an international regulatory institution, and some of their first achievements. It shows that some Basel Committee members were deeply involved in transnational networks of governance, others used their experience as banking supervisor in the private sector, while still others had a more national-centred career and stayed in the central banking or banking supervision sector. The Basel Committee members were the elite of banking supervisors. Over time, their committee evolved from a club to a standard-setter institution, illustrating the newly acquired influence both of banking supervision and experts and expertise in international financial governance.

Keywords: banking supervision; Basel Committee; collective biographies; expertise; international institution; financial governance

Chapter.  10860 words. 

Subjects: International Business

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