Question
Which of the following is NOT an objective of Basel III guidelines?
i. Improve risk management and governance in banks
ii. Improve the ability of banking sector to absorb financial and economic shocks
iii. Sharing information of wilful defaulters
iv. Improve transparency and disclosures
Solution
Basel III is a set of international banking regulations developed by the Bank for International Settlements in order to promote stability in the international financial system. The purpose of Basel III is to reduce the ability of banks to damage the economy by taking on excess risk.
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