What is true about the Basel Committee on Banking Supervision (BCBS)?
1. BCBS is an Indian National Committee of banking supervisory authority.
2. BCBS was established by a group of 19 nationalized commercial banks.
3. BCBS was established in 1996.
4. It provides a forum for regular cooperation on banking supervisory matters.

A. 1 and 2 only

B. 2 and 3 only

C. 3 and 4 only

D. 4 only

Answer: Option D