Answer Posted / sudhanshu
Basel I is the round of deliberations by central bankers from around the world, and in 1988, the Basel Committee (BCBS) in Basel, Switzerland, published a set of minimal capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten (G-10) countries in 1992 . Basel I is now widely viewed as outmoded. Indeed, the world has changed as financial conglomerates, financial innovation and risk management have developed. Therefore, a more comprehensive set of guidelines, known as Basel II are in the process of implementation by several countries and new updates in response to the financial crisis commonly described as Basel III.
| Is This Answer Correct ? | 16 Yes | 4 No |
Post New Answer View All Answers
What will you say about G20 Summit?
What Are Redeemable Debentures.?
How do you calculate treasury stock?
What do you know about SWOT Analysis?
At present who is the prime minister of India?
What is portfolio investment?
HI CAN ANY ONE HELP ME OUT IN (FICC INTERVIEW QUESTION) FOR COGNIZANT HYDERABAD.
Do you know anything about Electronic Development Fund?
What are basis points?
Will Bankruptcy Affect My Credit?
WHAT ARE THE SECTIONS OF SOX THAT ARE RELATED TO INTERNAL CONTROL?
What do you know about the recent satellite launch?
1. What is Discount Rate? 2. Does it depends on place/condition where we are using it? 3. Discount Rate = Repo Rate or Bank rate?
What is Balance on capital account?
What all ways a bill collector can collect his debt from a customer?