Basel Accord

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Basel Accord

Agreement concluded among country representatives in 1988 in Switzerland to develop standardized risk-based capital requirements for banks across countries.

Basel Accord

An agreement on international banking regulations dealing with how banks handle risk. The Basel Accord focuses mainly on credit risk; it divides banks' assets into five categories according to how risky they are. The five categories are assets with no risk, 10% risk, 20%, 50% and 100%. All banks conducting international transactions are required under the Basel Accord to hold assets with no more than 8% aggregated risk. The Accord was promulgated in 1988.Banks in most G-10 countries have implemented it since the early 1990s. It is now considered largely outdated and is in the process of being replaced by Basel II. It is also called Basel I.
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Enhanced capacity will support BB s compliance with the international standards and Basel accords for regulation.
The second phase included the issuance of rules for corporate governance, the implementation of the Basel Accords, and the provision of funding for small projects.
INTERNATIONAL REGULATORY REGIMES: BRETTON WOODS AND THE BASEL ACCORDS A.
Cemex said it continues to make progress in reducing emissions and controlling production processes by measuring the carbon footprint based on international standards and the Basel Accords.
The third installment of the Basel Accords was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis.
echoed Salameh's statement and stressed the importance of abiding by the Basel accords.
Colice inserted "likely" as a caution, because "each jurisdiction has the ability to adopt their own tweaks to the Basel Accords.
The range of topics in this well-researched and well-written book include optimizing value-at-risk and daily capital charges, managing value at risk under the Basel II Accord, sovereign insolvency procedures, collective action clauses in international sovereign bond contracts, a review of empirical studies on collateral and credit rationing, and capital requirements, business cycle fluctuations, and the Basel Accords.
A shock absorber for the global financial, the Basel Accords, will be analyzed by a high-powered panel of international experts during a conference in New York next month.
second of the Basel Accords (Basel II)," Sheikh Salem went on to say.
The Basel accords are recommendations on banking laws and regulations that seek to align regulatory capital requirements more closely to the risks that banks face.
One such directive was the introduction of the Basel Accords (I and II), which was a set of best market practice standards.