History of American Business
Basel III is a comprehensive set of reform measures designed to improve the regulation, supervision, and risk management within the banking sector, established by the Basel Committee on Banking Supervision after the 2008 financial crisis. It aims to strengthen bank capital requirements, enhance risk management practices, and introduce new regulatory standards such as liquidity ratios and leverage ratios. These reforms seek to create a more resilient banking system that can withstand economic shocks and prevent future financial crises.
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