BASEL III or the third Basel accord was introduced in 2010 to ensure banks remain strongly capitalised and had enough liquidity to face any future financial crisis. The framework is to be implemented progressively across different countries between 2013 and 2019.
The latest accord is a continuation and a more stringent ruling to strengthen the banking regulatory framework under Basel I and Basel II.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
