ANSWER: None
Explanation:
- Basel III is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.
- It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010–11, and was scheduled to be introduced from 2013 until 2015; however, changes from 1 April 2013 extended implementation until 31 March 2018 and again extended to 31 March 2019.
- The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–08.
- Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage.
