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| Business of Information Technology > Business Management > Financial Management > |
Basel II
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ALSO CALLED: Basel Committee on Banking Supervision, New Basel Capital Accord, Basel Capital Accord, and Basel 2
DEFINITION: Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations. The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision (BSBS). The
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| sponsored by Bsafe Information Systems
SOFTWARE DEMO:
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Posted: 20 Aug 2008 | Published: 20 Aug 2008
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BASEL II DEFINITION (continued): … name for the accords is derived from Basel, Switzerland, where the committee that maintains the accords meets. Basel II improved on Basel I, first enacted in the 1980s, by offering more complex models for calculating regulatory capital. Essentially, the accord mandates that banks holding riskier assets should be required to have more capital on hand than those maintaining safer portfolios. Basel II also requires companies to publish both the details of risky investments and risk management …
Basel II definition sponsored by SearchSecurityUK.com, powered by WhatIs.com an online computer dictionary
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