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- Title
BASEL STANDARDS AND THEIR APPLICATION.
- Authors
HUSEYNLI, NIGAR
- Abstract
The main purpose of this study is to examine the Basel standards, which have such an important share in the banking sector. The study highlights the importance of Basel standards to determine how banks guarantee themselves and minimize their risks by applying Basel standards to the banking system. Actions and practices to be taken within the framework of banks with a strong and stable structure, affected by different levels of risks, have brought international research and standards creation to the agenda. With the establishment of the Bank for International Settlements in 1930, the global banking and financial sector was tried to be standardized and further developed. The Basel Committee on Banking Supervision, established in 1974 as part of the Bank for International Settlements; By trying to create international standards in areas such as risk management and capital adequacy, it aimed for banks to comply with these standards at an optimal level. While there are many rules created and published by the Basel Committee Standards to ensure financial stability is built on a solid foundation, the most widely recognized are: There are Basel I, Basel II and Basel III criteria.
- Subjects
BASEL (Switzerland); BANK capital; BANK for International Settlements; BANKING industry; BASEL III (2010); CAPITAL requirements; INTERNATIONAL banking industry; FINANCIAL security; BANK management; STANDARDS
- Publication
Journal of Economic Sciences: Theory & Practice, 2022, Vol 79, Issue 2, p37
- ISSN
2220-8739
- Publication type
Article