TIRM · TREASURYINVE

UNDERSTANDING BASEL ACCORD

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Q

What is the Basel Accord?

A

The Basel Accord is a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS) to standardize capital adequacy requirements and risk management practices across member countries.

Q

What year was the first Basel Accord established?

A

Basel I was established in 1988.

Q

Which body developed the Basel Accords?

A

The Basel Committee on Banking Supervision (BCBS), established in 1974 under the auspices of the Bank for International Settlements (BIS) in Basel, Switzerland, developed the Basel Accords.

Q

What does BCBS stand for in the context of banking regulation?

A

Basel Committee on Banking Supervision.

Q

What was the primary objective of Basel I?

A

Basel I, introduced in 1988, primarily aimed to establish a minimum capital requirement of 8% of risk-weighted assets to ensure banks held sufficient capital against credit risk.

Q

What is the full form of CAR in banking?

A

Capital Adequacy Ratio.

Q

What is the minimum Capital Adequacy Ratio (CAR) prescribed under Basel I?

A

Basel I prescribed a minimum Capital Adequacy Ratio (CAR) of 8% of risk-weighted assets, ensuring banks maintain adequate capital buffers against credit risk exposure.

Q

Under Basel I, which two types of capital were recognized?

A

Tier 1 (core) and Tier 2 (supplementary) capital.

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