Basel Core Principles on Developing Countries - Essay Example

Only on StudentShare

Extract of sample
Basel Core Principles on Developing Countries

The Committee on Banking Regulations and Supervisory Practices (Basel Committee) was established in 1974. The Committee was comprised of the central bank Governors of the Group of Ten countries. These countries in particular are Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States. The repercussions of the turmoil in markets and international currency created the need for this congregation. The Basel Committee was tasked to oversee and supervise financial institutions and to issue recommendations and standards on banking laws and regulations. It serves as the forum for cooperation on sound banking practices for member countries.
In 1988, the Basel Committee gave birth to Basel Capital Accord, or the 1988 Accord. The 1988 Accord was to serve as the international standard to be followed by financial institutions. This has come to be known as a stabilising instrument in banking institutions that foster cooperation among participating countries. The aim of the 1988 Accord was to give a new framework that will strengthen the stability of the banking system and to make sure that the framework will be fair and consistent in application to various banks to reduce inequality among international banks. ...Show more

Summary

Countries cannot ignore their financial and banking sectors. Failures in the banking system can be very costly, especially for the developing countries. Its occurrence and recurrence must be prevented at all times and at all costs. A trial-and-error system should never be resorted to…
Author : danielesteban
Basel Core Principles on Developing Countries essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Basel Core Principles on Developing Countries"
with a personal 20% discount.
Grab the best paper

Related Essays

Globalization in developing countries
According to the research findings it can therefore be said that globalization is beyond control and thus it should be embraced. The extensive interactions of people between different cultures lead to pluralization. This means that people practice many cultures thus enhancing international cohesion.
6 pages (1500 words) Essay
Developed vs. Developing Countries
The country is ruled by a distinct party known as Communist Party and Beijing is its capital metropolis, which is highly populated. The country covers about 9.6 million per square kilometer and it has become one of the second largest nations by geographical region.
4 pages (1000 words) Essay
Diabetes in Developing Countries
In simple terms, diabetes means the blood glucose or blood sugar level is too high. Though the body needs natural level of glucose to actually use it as energy source however, too much of the glucose level may not be good for the body and may result into diabetes.
10 pages (2500 words) Essay
Sociology of Developing Countries
Sociology recognizes that each individual person is the owner of their own life and has the right to live it fully to their on personal manner and long as he doesn't dictate or violate others. The Developing countries South had a social system, which was distinct in many ways.
9 pages (2250 words) Essay
Developing Countries
In the first phase of this introduction, there is needs to know that these countries that are called the Developing nations have consist of two third of the whole world, they are also found in parts of the word like in Latin America, Africa and Asia. Developing countries a feature also shows that they depend largely on foods supply from other nations depend on foreign wealth.
9 pages (2250 words) Essay
Constraints on Developing Countries
According to the report industrialised nations like America or the majority of the nations comprising the EU have gotten used to a certain level of quality production which developing nations may not be able to create in certain specialised products. The populace has a higher standard of living than those in the developing nations.
6 pages (1500 words) Essay
BASEL
et of rules that could be acceptable to all as the multitude of nations also represent a multitude of conditions that could make a guideline acceptable for some but detrimental to others. Nevertheless, it doesn’t stop us from trying to establish one. One such example of an
3 pages (750 words) Essay
Implementation of Basel norms in developing countries: Evidence from Jordan
This is evident from the analysis of 15 Jordan banks, listed on Amman Stock Exchange. The factors that have been taken into consideration include, provision of credit facilities to direct credit facilities, return on equity, increase in the capital
56 pages (14000 words) Essay
Sociology of Developing Countries
Ethnicity denotes social identification founded on the presupposition of a similar cultural inheritance besides common history. Notwithstanding, ethnicity can be
2 pages (500 words) Essay
Sociology of Developing Countries
They are keenly involved in political aspects that are affecting their livelihood in a direct way. The urban poor are also responsive to varying parameters where they are in operation; they are aware of their position of
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT