Basel Accord
noun[C]
ukusBANKING,FINANCE
one of the twoagreements(Basel 1 and Basel 2) made bycountriesbelongingto theG10, whichsuggestrulesfor thecontrolof thebankingbusinessintheircountries:
Thisstudyexaminestheeffectof the 1988 Basel Accord onbanks'capitalratiosandcreditrisk-taking.
Thecommitteeresponsibleforissuingthe Baselaccordssitsat the Bank forInternationalSettlements in Basel, Switzerland.