Basel 3

Basel 3

Describes the third version of the Basel Accords agreed upon by 27 countries on September 12, 2010. Among the highlights was the increasing of Tier 1 capital from 2% to 4.5% and the addition of a buffer of 2.5%. The assets that qualify for capital were also redefined. The full implementation of the accord is not due until 2023.
References in periodicals archive ?
The Basel Committee said that it had been actively monitoring the progress of members in implementing the Basel 3 regulatory reforms.
In a report, the committee said, 'The number of member jurisdictions that have published the final set of Basel 3 regulations effective from the start date of January 1 2013 is 11.
02 FC Basel 3 Liverpool 3 (Champions League 1st group stage) Rossi, Giminez and Thimothee Atouba put Gross's side 3-0 up inside 30 minutes.