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Additional
Basel III
English Wikipedia - The Free Encyclopedia
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Basel III
Basel III
(or the
Third Basel Accord
) is a global, voluntary regulatory framework on bank
capital adequacy
,
stress testing
, and
market liquidity
risk
. It was agreed upon by the members of the
Basel Committee on Banking Supervision
in 2010–11, and was scheduled to be introduced from 2013 until 2015; however, changes from 1 April 2013 extended implementation until 31 March 2018 and again extended to 31 March 2019. The third installment of the
Basel Accords
(
see
Basel I
,
Basel II
) was developed in response to the deficiencies in
financial regulation
revealed by the
financial crisis of 2007–08
. Basel III was supposed to strengthen bank
capital requirements
by increasing bank liquidity and decreasing bank
leverage
.
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