This timely and highly topical text examines the development of the Basel Committee. Thorough and well-researched, it studies the Committee's creation, achievements and prospective role in the 21st century. The study adopts the viewpoint that the Committee has become one of the central organs of global economic governance, being both the locus of financial decision making and a facilitator for coordinating the actions of other international financial institutions. Duncan Wood's research provides a comprehensive account of this central organ of global governance and offers a theoretical analysis of its activities and significance. It examines the twin concepts of power and leadership in the Committee and emphasizes the political nature of decision-making. It will prove a key resource for academics and practitioners interested in international relations, business and management, and international finance.