what is BASEL accord and what are BASEL II norms
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Answer Posted / sumit totade
The principle purpose of basel accord is to ensure an
adequate level of capital in the international banking
system and to create a more level playing field so that
banks could no longer build business volume without
adequate capital backing
The norms for basel 2 accord:
1)Minimum capital requirement
2)supervisory review process
3)Market discipline.
BY:SUMIT TOTADE
| Is This Answer Correct ? | 44 Yes | 15 No |
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