MAKING OF A NEW NATION 1776 1800
ALEXANDER HAMILTON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4/5
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3/4
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2/3
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None
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Detailed explanation-1: -The Basel Accords are a series of three sequential banking regulation agreements (Basel I, II, and III) set by the Basel Committee on Bank Supervision (BCBS). The Committee provides recommendations on banking and financial regulations, specifically, concerning capital risk, market risk, and operational risk.
Detailed explanation-2: -1 above, banks will be required to hold a capital conservation buffer of 2.5% of RWAs in the form of Common Equity to withstand future periods of stress bringing the total Common Equity requirement of 7% of RWAs and total capital to RWAs to 10.5%.
Detailed explanation-3: -It was Lancaster Joint Stock Banking Co, which opened its doors on 23 October 1826, that really broke the mould with its 60 shareholders. Others soon followed, and within a decade there were almost 100 joint stock banks in England and Wales.
Detailed explanation-4: -The Basel accords for the banking system have been accepted by India. In fact, the RBI has imposed more stringent standards on a few parameters than the BCBS has.