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Basel

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Basel
A town in Switzerland. It has been known for centuries as a meeting place where a number of international agreements have been formed. See also: Basel I, Basel II.


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The 3-day forum, which brought together senior Arab and Turkish bankers, discussed important issues such as the new proposals of the Basel II, which were issued last July in the midst of the global recession.
It made some interesting assertions, many of which I support, but I must challenge its statement that the Basel II capital adequacy regime was somehow to blame.
The central bank governors and supervisors who met in Basel form the oversight body of the Basel Committee on Banking Supervision.
 
 
 
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