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    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
    A Only i Correct Answer Incorrect Answer
    B Only ii Correct Answer Incorrect Answer
    C Only iii Correct Answer Incorrect Answer
    D Only i and ii Correct Answer Incorrect Answer
    E Only ii and iii Correct Answer Incorrect Answer

    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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