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GLOBAL FINANCIAL CRISIS AND BASEL III
What triggered the Global Financial Crisis of 2007–2008?
The crisis was triggered by the collapse of the U.S. subprime mortgage market, which led to massive losses in mortgage-backed securities held by global financial institutions.
What is the minimum Total Capital Ratio required under Basel III?
8% of risk-weighted assets at all times.
What are subprime mortgages?
Subprime mortgages are home loans extended to borrowers with poor credit histories or low income, carrying higher interest rates and default risk than prime mortgages.
What does BCBS stand for in the context of banking regulation?
Basel Committee on Banking Supervision.
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