The Basel Accord is a 1987 agreement among the major European countries to make regulations more uniform across European countries and to reduce taxes on goods traded between these countries.

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The Basel Accord, also known as the Basel Committee on Banking Supervision, is a series of international banking regulations that aim to ensure financial stability and prevent bank failures. It was first signed in 1988, not 1987, and is not primarily focused on reducing taxes on goods traded between countries.

The Basel Accord Is a 1987 Agreement Among the Major