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Basel Accord
(redirected from Basel I)

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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 It is now considered largely outdated and is in the process of being replaced by Basel II.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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It represents an attempt to address the limitations of Basel I, which did encourage regulatory arbitrage through the application of crude risk weightings that were largely unrelated to underlying asset quality.
Was Basel II really faulty? by Hensher, Shirley / Financial Management (UK)
Since Basel I was introduced it has broadly been adapted in over 100 countries; however, over time, it has became clear that, with increasingly sophisticated products and markets, the risk to which a bank was exposed cannot be accurately assessed with the black-and-white rules of Basel I, so the 1999 Basel Committee introduced Basel II in response to this.
GCC cautious on Basel II move by Gulf News (United Arab Emirates)
Basel is well-known as a center of business--with global players such as Roche and Novartis as well as dynamic newcomers such as Actelion, Speedel and Basilea.
Business, science and art--a liaison Baloise: the Basel area, ... by Swiss News
 
 
 
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