Basel Accords

The Basel Accords[a] refer to the banking supervision accords (recommendations on banking regulations) issued by the Basel Committee on Banking Supervision (BCBS).[1]

Basel I was developed through deliberations among central bankers from major countries. In 1988, the Basel Committee published a set of minimum capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten (G-10) countries in 1992. A new set of rules known as Basel II was developed and published in 2004 to supersede the Basel I accords. Basel III was a set of enhancements to in response to the financial crisis of 2007–2008. It does not supersede either Basel I or II but focuses on reforms to the Basel II framework to address specific issues, including related to the risk of a bank run.

The Basel Accords have been integrated into the consolidated Basel Framework, which comprises all of the current and forthcoming standards of the Basel Committee on Banking Supervision.[2][3]


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  1. ^ "History of the Basel Committee". 2014-10-09. {{cite journal}}: Cite journal requires |journal= (help)
  2. ^ "Basel III: international regulatory framework for banks". 2017-12-07. {{cite journal}}: Cite journal requires |journal= (help)
  3. ^ "Basel Framework". www.bis.org. Retrieved 2022-04-10.

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