The Basel Committee on Banking supervision has provided regulatory guidance to financial sector regulators around the world, especially in the developed economies. The 3 key regulatory frameworks of the Committee are embodied in the Basel Accords (I, II, III). With specific reference to private banks, provide a careful review of the Basel Accords.

The review should highlight and demonstrate the following:

a. The origin

b. The essence of the key pillars of each Accord

c. The weaknesses of the Accords

d. With a developing African country in mind, highlight the possible weaknesses of Basel III.