The agreement concluded in 2010 imposed higher capital requirements on banks all over the world.

Question

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The agreement concluded in 2010 refers to the Basel III agreement. It imposed higher capital requirements on banks globally to make them more resilient in the event of financial crises. Basel II was the agreement concluded in 2004, while Basel I was the initial agreement on bank capital standards in 1988. Basel IV is still under development and has not been finalized.

The Agreement Concluded in 2010 Imposed Higher Capital Requirements on Banks