Basel III rules
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Basel III rules

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  • Undergraduate
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Short excerpt:

The implementation of Basel I and Basel II norms certainly helped in regulating the financial situation in several parts of the world (Balthazar, 2006). Basel I and Basel II norms were initiated with an objective of establishing the efficient financial practices in banking and other financial organizations (Pritchard, 2004). However, in the changing market scenario, the exposure of these financial institutions to risk has increased and several institutions collapsed during global economic crisis. Collapse of banking sector during financial crisis in South East Asia in 1997 is a best example in this context. Australia also faced such type of economic recession and banks were exposed to market risk. Thus some more financial reforms are needed that can help the organizations to face the

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