GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are to be followed by Commercial Banks for risk management?
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Basel I norms
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Basel II norms
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Basel III norms
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Solvency II norms
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Explanation:
Detailed explanation-1: -Which of the following are to be followed by Commercial Banks for risk management? Basel II is the second of the Basel Accords which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.
Detailed explanation-2: -Regulatory supervision is the second pillar of Basel II and provides a framework for national regulatory bodies to deal with various types of risks, including systemic risk, liquidity risk, and legal risks.
Detailed explanation-3: -The Basel II Accord intended to protect the banking system with a three-pillared approach: minimum capital requirements, supervisory review and enhanced market discipline.
There is 1 question to complete.