The Group of Banking Supervisors from Central and Eastern European Countries (BSCEE) was founded in Budapest, in 1991 by banking supervisory authority of six countries. Founders, sponsors and organizers of BSCEE were, in alphabetical order, Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovak Republic and Russia.

In 1996, at the International Conference of Banking Supervisors (ICBS) in Stockholm according to the recommendation of the Basle Committee on Banking Supervision the member countries declared their intention for cooperation within the operational and functional framework. During the conference representatives of the supervisory agencies of 16 countries concluded the Agreement on Governing Rules of the Group of Banking Supervisors from Central and Eastern European Countries.

The BSCEE member countries in order to coordinate and facilitate cooperation between them decided to have permanent Secretariat. The Secretariat of the BSCEE Group was located in Hungary and officially has started its activities in 1997.

At the 18th annual BSCEE conference the member countries decided that as of January 1, 2006 the Secretariat  is seated in Poland.