Banking Awareness - Banking Acts, Reforms & Risk Management
Which Basel norm expanded the framework to include credit, market, and operational risks?
Which Basel norm expanded the framework to include credit, market, and operational risks?
easy Q12 of 15
Step-by-Step Solution
Step 1: Compare Basel frameworks
Each Basel version added new dimensions of risk control.Step 2: Identify the expanded risk approach
Basel II introduced risk-sensitive capital for credit, market, and operational risks.Final Answer:
Basel II → Option AQuick Check:
Three risks together point to Basel II ✅
Quick Trick: Basel II = multiple risk types.
Common Mistakes:
MISTAKES- Thinking Basel I covered operational risk.
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