πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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.

      Practice Next

      Relevant for Exams:

      ask-question