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‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:
- a)develop national strategies for the conservation and sustainable use of biological diversity
- b)improve banking sector’s ability to deal with financial and economic stress and improve risk management
- c)reduce the greenhouse gas emissions but places a heavier burden on developed countries
- d)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals
Correct answer is option 'B'. Can you explain this answer?
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‘Basel III Accord’ or simply ‘Basel III’, ofte...
Basel III is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.
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‘Basel III Accord’ or simply ‘Basel III’, ofte...
Improving banking sector resilience with Basel III Accord
Basel III, also known as the Basel III Accord, is a set of international regulatory standards that aim to strengthen the banking sector. Here's how Basel III seeks to achieve this objective:
Enhancing risk management
- Basel III focuses on improving risk management within banks by setting higher capital requirements, liquidity standards, and leverage ratios. This ensures that banks have enough capital to absorb potential losses and maintain stability during financial and economic stress.
Strengthening financial resilience
- By requiring banks to hold more high-quality capital, Basel III enhances the resilience of the banking sector. This helps prevent systemic risks and reduces the likelihood of bank failures.
Promoting stability
- The implementation of Basel III enhances the stability of the global financial system by reducing the probability of banking crises. This benefits both individual banks and the broader economy.
Enhancing transparency
- Basel III also emphasizes the importance of transparency and disclosure in banking operations. By requiring banks to provide more information about their risk exposures and capital levels, Basel III improves market discipline and accountability.
In conclusion, Basel III is a crucial regulatory framework that aims to improve the banking sector's ability to withstand financial and economic stress, enhance risk management practices, and promote stability in the global financial system.
Basel III, also known as the Basel III Accord, is a set of international regulatory standards that aim to strengthen the banking sector. Here's how Basel III seeks to achieve this objective:
Enhancing risk management
- Basel III focuses on improving risk management within banks by setting higher capital requirements, liquidity standards, and leverage ratios. This ensures that banks have enough capital to absorb potential losses and maintain stability during financial and economic stress.
Strengthening financial resilience
- By requiring banks to hold more high-quality capital, Basel III enhances the resilience of the banking sector. This helps prevent systemic risks and reduces the likelihood of bank failures.
Promoting stability
- The implementation of Basel III enhances the stability of the global financial system by reducing the probability of banking crises. This benefits both individual banks and the broader economy.
Enhancing transparency
- Basel III also emphasizes the importance of transparency and disclosure in banking operations. By requiring banks to provide more information about their risk exposures and capital levels, Basel III improves market discipline and accountability.
In conclusion, Basel III is a crucial regulatory framework that aims to improve the banking sector's ability to withstand financial and economic stress, enhance risk management practices, and promote stability in the global financial system.
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‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer?
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‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer?.
‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer?.
Solutions for ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice ‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:a)develop national strategies for the conservation and sustainable use of biological diversityb)improve banking sector’s ability to deal with financial and economic stress and improve risk managementc)reduce the greenhouse gas emissions but places a heavier burden on developed countriesd)transfer technology from developed Countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicalsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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