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🏙️ A Swiss city 🏦 Banking regulations
Basel

Basel

2 8.0
An informal name for international banking rules set by a group that supervises banks
  • proper noun
  • /ˈbeɪzəl/
  • Jargon
: Basilea
  • In addition, banks were required to meet the two-tiered Basel Accord capital requirements in full by the end of 1992.
  • Basel Committee
  • Basel Accord
  • Basel II

Because if you had CDs, triple Acds from AIG, under the rules of Basel rules, you didn't need to post any capital.

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Examples

  • Because banks had to have a minimum capital requirement agreed upon at Basel.

    Academic text (1994)

  • The Basel Committee on Banking Supervision introduced significant changes with the Basel Accords.

  • I think we should go to the Basel Committee for advice on health reform.

    Blog text (27)

  • And so in the Basel One, there were tier one capital requirements.

  • So there's a group called the Basel Committee that you can read about in the financial press.

  • But to bring a major empirical element to this work, the Basel Committee has run a major quantitative impact study in recent months.

    Academic text (2001)

  • Higher capital and liquidity buffers under Basel III requirements should enable institutions to better withstand distress.

    Blog text (7)

  • Under Basel III regulations, banks must maintain higher capital reserves to ensure stability in financial markets.

  • Financial institutions must comply with the Basel guidelines to enhance their risk management practices.

Compounds

Council of Basel-Ferrara-Florence
9.9

A meeting of Catholic church leaders from 1431 to 1449 to discuss reforms and unity

Surface Forms

Basel main

Etymology

The financial use of Basel comes from the city Basel, because international banking groups met there to make rules, so in finance Basel often means the international banking 'rules' or 'standards' made there.