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History of the Basel Committee by Jennifer Thomas is a document available to read on EtoBox.

What is History of the Basel Committee about?

The Basel Committee was formed in 1974 in response to the bankruptcy of a German bank. It aims to improve banking supervision and financial stability. In 1988, the Basel I Accord established the first international standards for minimum capital requirements for banks. It classified assets into risk weights and required banks to hold capital equal to 8% of risk-weighted assets. The purpose was to strengthen stability and set consistent standards globally. Basel I defined two tiers of capital: Tier 1 included

Author

Jennifer Thomas

Language

EN