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Home Categories Laws & Regulations An actual attorney is a person who is assigned to act on behalf of another person in business, financial or personal matters. A bail signed by the guarantors is paid by the defendant instead of the full payment of the bail established by the court. Lure and spoofing occurs when a prospective buyer is lured into an advertised deal that appears attractive. A bank stress test is an analysis to determine whether a bank has sufficient capital to withstand an economic or financial crisis. The Basel Accords are part of a series of three international banking regulatory meetings that established capital requirements and risk measurements for global banks. Basel II, the second of the three Basel Accords, has three core principles: minimum capital requirements, regulatory oversight and market discipline. Basel III is an international regulatory agreement that introduced a series of reforms aimed at improving regulation, supervision and risk management in the banking sector. Bernie Madoff was a financial manager responsible for one of the biggest financial scams in modern history. A bilateral contract is the most common type of binding agreement that includes concessions or obligations that both parties to the contract have. An illegal market is an economic activity carried out outside government-sanctioned channels.