<P> The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974 . It provides a forum for regular cooperation on banking supervisory matters . Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide . The Committee frames guidelines and standards in different areas--some of the better known among them are the international standards on capital adequacy, the Core Principles for Effective Banking Supervision and the Concordat on cross-border banking supervision . The Committee's Secretariat is located at the Bank for International Settlements (BIS) in Basel, Switzerland . The Bank for International Settlements (BIS) hosts and supports a number of international institutions engaged in standard setting and financial stability, one of which is BCBS . Yet like the other committees, BCBS has its own governance arrangements, reporting lines and agendas, guided by the central bank governors of the Group of Ten countries . </P> <P> The purpose of BCBS is to encourage convergence toward common approaches and standards . The Committee is not a classical multilateral organization, in part because it has no founding treaty . BCBS does not issue binding regulation; rather, it functions as an informal forum in which policy solutions and standards are developed . </P>

Basel committee capital of banks is defined as
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