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Basel Accord
(redirected from Basel Capital Accord)

   Also found in: Wikipedia 0.01 sec.
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 It is now considered largely outdated and is in the process of being replaced by Basel II.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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CCB's own funds exceed the minimum set by the 1998 Basel Capital Accord and "is considered equivalent to capital that would be required of a US banking organization," the US central bank said.
CCB's own funds exceed the minimum set by the 1998 Basel Capital Accord and "is considered equivalent to capital that would be required of a US banking organization," the US central bank said.
Contributors, who are academics, practitioners, and regulators from around the world, discuss bank regulation and activity expansion in the US, board structure, community banks, performance, mergers and insider trading, the New Basel Capital Accord and operational risk and corporate culture, the Enron and WorldCom failures, and the characteristics of the top 100 world banks, as well as providing case studies of Australian, German, Korean, and Hungarian institutions.
 
 
 
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