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Basel III
Banking regulation framework
Basel III
Basel III is a framework published by the Basel Committee on Banking Supervision (BCBS) in response to the deficiencies in financial regulation revealed by the 2008 financial crisis. It sets international standards and recommendations for bank capital requirements, stress tests, liquidity regulations, and leverage, with the goal of mitigating the risk of bank runs and bank failures. Basel III builds upon the standards of Basel II, introduced in 2004, and Basel I, introduced in 1988. Basel III are minimum recommendations; each country that chooses to adopt Basel III must translate the guidance into laws that are binding upon its financial institutions.
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