One of the major reform measures of the Basel III is to improve risk management and governance of the banking system.

Question

Quizplus · Accepted Answer

This statement is true. One of the main objectives of Basel III is to enhance risk management practices and governance in the banking industry to ensure financial stability and prevent future crises. Some of the measures aimed at achieving this include higher capital requirements, stress testing, and improved risk assessment and disclosure practices.

One of the Major Reform Measures of the Basel III