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