Basel Accords
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May 1, 2024
3 minute read
Basel Accords are a set of global standards that guide the regulation of the banking industry. These accords aim to enhance the safety and soundness of banks and to reduce the risk of financial crises. Basel Accords were developed by the Basel Committee on Banking Supervision, an international body of banking supervisors from various countries.
Basel Accord History
The Basel Accords were first developed in 1988 with the objectives of promoting safety and stability in the international banking system. The need for such regulations emerged during the 1980s, when the failure of several banks highlighted the importance of establishing a consistent and robust framework for banking supervision.
Basel Accord Implementation
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Find a path to becoming a Basel Accords. Learn more at:
OpenCourser.com/topic/dulz3f/basel
