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What is Overview of Basel I Accord Regulations about?

For the purposes of the 1988 Basel Accord, a bank was defined as a deposit-taking financial institution focused on lending and credit risk. Securities firms were treated separately and faced different capital requirements as they primarily dealt in marketable securities and faced market risk rather than credit risk. The 1988 accord was later amended in 1996 to include capital requirements for banks

Author

Gauri Mittal

Language

EN