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Jagini Ashruth

Jagini Ashruth

CA Inter

580

08-Mar-20 19:53

74

Bank audit

What is basel 3 frame work..?

Answers (2)

K K  K K

K K K K

CA Inter

10

11-Mar-20 11:54

Basel lll is a comprehensive set of reform measures, developed by the Basel committee to strengthen the regulation, supervision and risk management of banking sector. --- This main aim is to improve the banking sector ability to absorb shocks arising financial and economic stress and to improve risk management and governance. --- but banking risks cannot be quantified statistically hence, Basel lll, based on artificial intelligence is the best solution and it helps in risk assessment.