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    Banking

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    Roma Dash
    The Basel Committee on Banking Supervision was created in 1974 by central banks from the Group of Ten nations to establish capital adequacy requirements for banks to promote global financial stability. Basel I only addressed credit risk in a simple manner and did not consider operational risk, while Basel II introduced a three pillar approach to supervision that included minimum capital requirements, supervisory review, and market discipline.

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    Banking

    Uploaded by

    Roma Dash
    14 views1 page
    The Basel Committee on Banking Supervision was created in 1974 by central banks from the Group of Ten nations to establish capital adequacy requirements for banks to promote global financial stability. Basel I only addressed credit risk in a simple manner and did not consider operational risk, while Basel II introduced a three pillar approach to supervision that included minimum capital requirements, supervisory review, and market discipline.

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    The Basel Committee on Banking Supervision was created in 1974 by central banks from the Group of Ten nations to establish capital adequacy requirements for banks to promote global financial stability. Basel I only addressed credit risk in a simple manner and did not consider operational risk, while Basel II introduced a three pillar approach to supervision that included minimum capital requirements, supervisory review, and market discipline.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views1 page

    Banking

    Uploaded by

    Roma Dash
    The Basel Committee on Banking Supervision was created in 1974 by central banks from the Group of Ten nations to establish capital adequacy requirements for banks to promote global financial stability. Basel I only addressed credit risk in a simple manner and did not consider operational risk, while Basel II introduced a three pillar approach to supervision that included minimum capital requirements, supervisory review, and market discipline.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    The 

    Basel Committee on Banking Supervision is an institution


    created by the central bank Governors of the Group of Ten nations. It
    was created in 1974 and meets regularly four times a year.

    The Group of Ten signed the Smithsonian Agreement in December


    1971, replacing the world's fixed exchange rate regime with a floating
    exchange rate regime.

    Belgium, Canada, France, Italy,Japan, the Netherlands, the United


    Kingdom, and the United States—and the central banks of two
    others, Germany and Sweden,

    The Basel I accord dealt with only parts of each of these pillars. For
    example: with respect to the first Basel II pillar, only one risk, credit risk,
    was dealt with in a simple manner while market risk was an
    afterthought; operational risk was not dealt with at all.

    Basel II uses a "three pillars" concept – (1) minimum capital


    requirements (addressing risk), (2) supervisory review and (3) market
    discipline.

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