In November 2024
Answer to Question #314613 in Finance for Comfort
Discuss the reason that led to the introduction of the basel capital accord.
The accords are designed to ensure that financial institutions maintain enough capital on account to meet their obligations and also absorb unexpected losses. The latest accord, Basel III, was agreed upon in November 2010. Basel III requires banks to have a minimum amount of common equity and a minimum liquidity ratio.
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#339914 on Dec 2023
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