Bodil Nyboe Andersen: The significance of Basel II for Danish banks Speech by Mrs Bodil Nyboe Andersen, Governor of the National Bank of Denmark, at the Annual Meeting of the Danish Bankers’ Association, Copenhagen, 1 December 2004. *  *  *  At all recent annual meetings of the Danish Bankers’ Association the various speakers have commented on the Basel framework.
This framework sets the international standards for the capital adequacy of the banking organisations. In the 1970s the G-10 countries set up the Basel Committee, whose secretariat is at the Bank for International Settlements (BIS). Located in Basel, BIS is often called the central bank to central banks.