What is basel .....give me all details
plzrrr z Mine @SONY:)
Thanku gopiiiii ggg
The fact that Basel is a place in switzerland...cannot be totally ruled out;but its signifince in banking industry is worth knowing & here it goes...
A few(100) yrs back countries were suffering from global crisis and their banking operations comes to a halt.So economist frm all over the globe sat together in basel and formd a commttie to discuss d issues & to find out d solutns.The comitte is so called "Basel Committee on Banking Supervision".
Its objective is to enhance the qualities of banking supervision world wide.
In order to ensure smooth functioning of banks.... tym to tym economist across d globe meet@ Bank for International Settlement,Basel.... and d provision they came up with is said to be "Basel Accord"(viz. Basel 1/Basel 2/Basel3)...which banks need to follow any how, at any cost.Currently, Banks are directed to adopt Basel 3 accord.
Hope dis much z enff