15 years: Debt capital markets
In the aftermath of the global financial crisis, there was an unprecedented overhaul of the global framework regulating the banking system. Sukhy explains this regulatory framework and discusses the strengths and weaknesses of Basel I and II that ultimately led to the current version - Basel III.
In the aftermath of the global financial crisis, there was an unprecedented overhaul of the global framework regulating the banking system. Sukhy explains this regulatory framework and discusses the strengths and weaknesses of Basel I and II that ultimately led to the current version - Basel III.
15 mins 52 secs
The Basel Committee is responsible for setting a global standard for banks to follow. Their regulations require banks to maintain certain ratios or amounts of capital in order to ensure that the world economy is not at risk of a crisis.
Key learning objectives:
Understand the background and need for the Basel Committee
Define the earlier versions of the Basel Accord and how Basel has progressed its measures