Financial Awareness - Risk, Stability & Emerging Finance
Which Basel Accord introduced the concept of three pillars to strengthen banking regulation?
Which Basel Accord introduced the concept of three pillars to strengthen banking regulation?
medium Q6 of 15
Step-by-Step Solution
Step 1: Recall Basel Accord features
Basel I focused on minimum capital requirements, Basel III on liquidity and leverage.Step 2: Identify three pillars introduction
Basel II introduced the three pillars: minimum capital requirements, supervisory review, and market discipline.Final Answer:
Basel II → Option CQuick Check:
Three pillars concept = Basel II ✅
Quick Trick: Three pillars = Basel II framework.
Common Mistakes:
- Confusing three pillars with Basel I or III features.
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