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Which of the following is true regarding CAMELS and the Basel Accords? a. CAMELS are a set of regulatory rules to evaluate the soundness, health,

Which of the following is true regarding CAMELS and the Basel Accords?

a. CAMELS are a set of regulatory rules to evaluate the soundness, health, and riskiness of FIs.

b. The purpose of the Basel Accords create a set of enforceable regulations for FIs to reduces their various risk aspects. c. CAMELS is a rating system to evaluate the condition of FIs, however academic literature has been inconclusive on its usefulness. d. The Basel Accords is not continually updated to improve safety of FIs around the world. e. None of the above.

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