BASEL III: What bank officers and directors need to know
Executive Summary The global banking standards enshrined in Basel III go into effect by 2013 for new capital standards and 2015 for new liquidity standards. Well before those dates, however, it will become essential for bank directors and executives to have a working understanding of the new Basel III standards that apply to their institution in order to be able to assist in the development and monitoring of a bank capital/liquidity plan that satisfies applicable U.S. standards. This article gives a rundown of the essential terms and requirements of Basel III and offers questions directors can ask to help get...
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