Difference between revisions of "Basel II"

From Open Risk Manual
 
(No difference)

Latest revision as of 12:14, 31 March 2021

Definition

The international banking regulatory framework introduced in 2005/2006 in replacement of the previous (Basel I) framework and subsequently, following the Lessons Learned from the Great Financial Crisis replaced by Basel III

Issues and Challenges

  • Was not effective in preventing the worst financial crisis in recent times

References