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    Question

    The 'Basel III' framework primarily focuses

    on:
    A Reducing transaction costs Correct Answer Incorrect Answer
    B Enhancing bank capital and liquidity standards Correct Answer Incorrect Answer
    C Promoting digital banking Correct Answer Incorrect Answer
    D Regulating interest rates Correct Answer Incorrect Answer

    Solution

    Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the banking sector. Its key focus is on strengthening bank capital requirements, introducing new regulatory requirements on bank liquidity and leverage.

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