Multinational Management
Basel III is an international regulatory framework established to strengthen the regulation, supervision, and risk management within the banking sector following the global financial crisis of 2007-2008. This set of reforms aims to enhance the stability of the financial system by increasing capital requirements, improving risk management practices, and promoting transparency in the banking sector. It introduces stricter definitions of capital, liquidity requirements, and leverage ratios to ensure that banks can better absorb economic shocks.
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