01179pab a2200145 454500008004000000100001900040245004900059260000900108300001400117362001000131520083000141650001000971700001800981773003400999180718b2003   xxu||||| |||| 00| 0 eng d  aNarain, Aditya  aEvolving international supervisory framework  c2003  ap.543-49.  a8 Feb  aAt a time when, despite the flagship work done by the Basel Committee of Banking Supervision (BCBS), there is still limited information as to what constitutes international best practice and few internationally agreed standards, it remains a moot question whether sophistication in these standards could impair their universal application. The national supervisors continue to look upon the Basel Committee to set standards which will be universally relevant and take into account the differences in the stages of development of the banking systems and supervisory capabilities in the developing world. While the BCBS has walked this tightrope with elan till now, there is a greater need than ever before for a greater say of the non G-10 members in the settings of  international standards in bank supervision. - Reproduced.  aBanks  aGhosh, Saibal  aEconomic and Political Weekly