Basel II is an accord produced by the Basel Committee in 2001 to:

Question

Quizplus · Accepted Answer

Basel II, established by the Basel Committee on Banking Supervision in 2001, aimed to revise the international standards for banks' capital adequacy by setting minimum capital requirements and encouraging improvements in risk management and internal controls. It built upon the initial Basel I framework by introducing more sophisticated risk sensitivity and assessment methodologies.

Basel II Is an Accord Produced by the Basel Committee