Banking Awareness - Banking Acts, Reforms & Risk Management
Basel III norms were introduced mainly in response to:
Basel III norms were introduced mainly in response to:
easy Q13 of 15
Step-by-Step Solution
Step 1: Recall the background of Basel III
Basel III followed major global banking failures.Step 2: Identify the triggering event
The 2008 global financial crisis exposed weaknesses in bank capital and liquidity.Final Answer:
Global financial crisis → Option BQuick Check:
Crisis response = Basel III ✅
Quick Trick: Crisis-led reform points to Basel III.
Common Mistakes:
MISTAKES- Linking Basel III with technology or mergers.
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