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what is BASEL accord and what are BASEL II norms
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Answer Posted / abhishek rajendra sharma
Basel-I keeps this
limit same for all regardless of their risk profiles that
means "one size fit all" approach.
The main difference
between Basel-I accord and Basel-II accord is that Basel-!
accord was not confined with the rating factor and was
based on the fact "one size fits all" but Basel-II accord
mainly focuses on the rating factors of the borrowers.
Basel 2 has got three pillars
1)Minimum capital requirement
2)supervisory review process
3)Market discipline
| Is This Answer Correct ? | 12 Yes | 7 No |
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