In 1988, several central banks agreed to impose uniform capital requirements on the banks under their jurisdiction.

Name: In 1988, several central banks agreed to impose uniform capital requirements on the banks under their jurisdiction.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

This agreement is known as the Basel Accord or Basel I, established by the Basel Committee on Banking Supervision in 1988, aiming to standardize capital requirements for banks across countries.

In 1988, Several Central Banks Agreed to Impose Uniform Capital