Economy, asked by indusati9537, 1 year ago

Why is basel ii blamed for precipitating the 2008 financial crisis?

Answers

Answered by Sidyandex
0
The purpose was to introduce a higher degree of international harmonization with regards to banking issues.

The Basel II required the institution to establish the strong risk management principles based on three distinct pillars.

The 3 distinct pillars include minimum capital requirements supervisory review process and market discipline.
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