Basel Accord
/ˈbɑːzl əˌkɔːrd/
Definitions
- (n.) An international regulatory framework for banking supervision issued by the Basel Committee on Banking Supervision, aimed at ensuring financial stability by setting minimum capital requirements and risk management standards for banks.
The bank updated its policies to comply with the latest Basel Accord requirements.
Forms
- basel accord
- basel accords
Related terms
See also
Commentary
The term 'Basel Accord' generally refers to a series of banking supervisory accords; specifying which version (Basel I, II, or III) is often crucial in legal contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.