The Basel ii framework is the outcome of the Basel Committee on Banking Supervision's work (of the Bank of International Settlements, BIS) over recent years to secure internat…ional convergence on revisions to supervisory regulations governing the capital adequacy of internationally active banks. Following the publication of the Committee's first round of proposals for revising the capital adequacy framework in June 1999, an extensive consultative process was set in train in all member countries and the proposals were also circulated to supervisory authorities worldwide. The Bank for International Settlements was established in 1930. It is the world's oldest international financial institution and remains the principal centre for international central bank cooperation. The BIS was established in the context of the Young Plan (1930), which dealt with the issue of the reparation payments imposed on Germany by the Treaty of Versailles following the First World War. The new bank was to take over the functions previously performed by the Agent General for Reparations in Berlin: collection, administration and distribution of the annuities payable as reparations. The Bank's name is derived from this original role. The BIS was also created to act as a trustee for the Dawes and Young Loans (international loans issued to finance reparations) and to promote central bank cooperation in general. The reparations issue quickly faded, focusing the Bank's activities entirely on cooperation among central banks and, increasingly, other agencies in pursuit of monetary and financial stability. Since 1930, central bank cooperation at the BIS has taken place through the regular meetings in Basel of central bank Governors and experts from central banks and other agencies. In support of this cooperation, the Bank has developed its own research in financial and monetary economics and makes an important contribution to the collection, compilation and dissemination of economic and financial statistics. In the monetary policy field, cooperation at the BIS in the immediate aftermath of the Second World War and until the early 1970s focused on implementing and defending the Bretton Woods system. In the 1970s and 1980s, the focus was on managing cross-border capital flows following the oil crises and the international debt crisis. The 1970s crisis also brought the issue of regulatory supervision of internationally active banks to the fore, resulting in the 1988 Basel Capital Accord and its "Basel II " revision of 2001-06. More recently, the issue of financial stability in the wake of economic integration and globalisation, as highlighted by the 1997 Asian crisis, has received a lot of attention. The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. In this regard, the Committee is best known for its international standards on capital adequacy; the Core Principles for Effective Banking Supervision; and the Concordat on cross-border banking supervision. The Committee's members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The present Chairman of the Committee is Mr Nout Wellink, President of the Netherlands Bank. The Committee encourages contacts and cooperation among its members and other banking supervisory authorities. It circulates to supervisors throughout the world both published and unpublished papers providing guidance on banking supervisory matters. Contacts have been further strengthened by an International Conference of Banking Supervisors (ICBS) which takes place every two years. The Committee's Secretariat is located at the Bank for International Settlements in Basel, Switzerland, and is staffed mainly by professional supervisors on temporary secondment from member institutions. In addition to undertaking the secretarial work for the Committee and its many expert sub-committees, it stands ready to give advice to supervisory authorities in all countries. Mr Stefan Walter is the Secretary General of the Basel Committee. ( Full Answer )
The main difference is that the Basel I accord mainly focused on capital requirements for banks. The Basel II adds supervision and market discipline to these capital requireme…nt through the "Three Pillar" concept. The first pillar is about capital requirement. The second pillar is about regulation and supervision. The third pillar describes market discipline. ( Full Answer )
Basel I was an international accord to set minimum levels of capital for banks. It was designed to ensure that lenders were sufficiently well capitalized to protect depositors… and the financial system. The first Basel Accord however was replaced by a new accord, Basel II. The new accord was introduced to keep pace with the increased sophistication of lenders' operations and risk management and overcome some of the distortions caused by the lack of risk assessment divisions in Basel I. Basel I required lenders to calculate a minimum level of capital based on a single risk weight for each of a limited number of asset classes, e.g., mortgages, consumer lending, corporate loans, exposures to sovereigns. Basel II goes well beyond this, allowing some lenders to use their own risk measurement models to calculate required regulatory capital whilst seeking to ensure that lenders establish a culture with risk management at the heart of the organization up to the highest managerial level. ( Full Answer )
its in france, who cares? Answer 2 Basel is in Switzerland. The city proper ("Basel-Stadt") has a population of 170,000. The Basel conurbation has a population of 400,0…00-500,000. ( Full Answer )
There is a main difference between Basel II and Basel III. In Basel III, there is a 4.5% capital buffer to absorb shock. With Basel II, there is no capital buffer.
Migros is one of Switzerland's two big supermarket chains (theother is Coop). There are many Migros branches in Basel. The largest two are atClarastrasse and M-Parc.
Basel III (or the Third Basel Accord) is a global, voluntaryregulatory framework on bank capital adequacy, stress testing, andmarket liquidity risk. Basel III is intended to s…trengthen bankcapital requirements by increasing bank liquidity and decreasingbank leverage. Credits: Wikipedia ( Full Answer )