Basel Accords
/ˈbɑːzəl əˈkɔːrdz/
Definitions
- (n.) International regulatory frameworks developed by the Basel Committee on Banking Supervision to establish risk management standards and capital requirements for banks.
Banks worldwide must comply with the Basel Accords to ensure adequate capitalization against financial risks.
Forms
- basel accords
- basel accord
Related terms
Commentary
The term typically refers collectively to Basel I, II, and III agreements, each progressively refining banking regulatory standards.
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.