Basel recommendations are not binding on regulators.

Name: Basel recommendations are not binding on regulators.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Basel recommendations are guidelines issued by the Basel Committee on Banking Supervision, and while they are influential in setting international banking standards, they are not legally binding on regulators or banks. Countries choose to implement these standards through their own national laws and regulations.

Basel Recommendations Are Not Binding on Regulators