In 2010, regulators of many nations agreed on a major update of internationally active banks known as:
A) Basel III.
B) the Fred-Bob Act.
C) the Gramm-Leach-Bliley Act.
D) the Dodd-Frank Act.

Question

Quizplus · Accepted Answer

The other options - B) the Fred-Bob Act, C) the Gramm-Leach-Bliley Act, and D) the Dodd-Frank Act - are not related to the international regulation of banks. Basel III is an internationally agreed-upon set of regulations for banks that aims to strengthen the banking sector, improve risk management, and increase transparency. It was agreed on by regulators from many nations in 2010.

In 2010, Regulators of Many Nations Agreed on a Major