Basel III definition is: Basel III is a 2009 international regulatory agreement that introduces a series of risk mitigation reforms in the banking sector and requires banks to maintain a reasonable interest rate and a certain level of capital reserves. ۔
- Basel III is an international regulatory agreement that introduces a series of reforms to improve regulation, oversight and risk management in the banking sector.
- Basel III is a repetitive step in a bid to permanently improve the banking regulatory framework.
- A consortium of central banks from 28 countries launched Basel III in 2009, primarily in response to the credit crunch of the 2008 economic crisis.