Question
3) The Basel III accord is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management
3) The Basel III accord is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the banking sector. The agreements under the Basel III are responses to the financial crisis of 2007 to 2008.
a) Why didn't the Basel II accord prevent the financial crisis of 2007 to 2008?
b) Compared with Basel II, what are the key improvements that Basel III accord has made?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
