Basel II, the second of the three Basel Accords, has three core principles: minimum capital requirements, regulatory oversight and market discipline.
Building on Basel I, Basel II provided guidance on the calculation of minimum regulatory capital adequacy ratios and reaffirmed the requirement that banks maintain a capital reserve equal to at least 8% of their risk-weighted assets.
The second pillar of Basel II, regulatory supervision, provides national regulators with a framework to deal with, among other things, systemic risk, liquidity risk, and legal risk.
One weakness of Basel II emerged during the subprime crash and the Great Recession of 2008, when it became clear that Basel II had underestimated the risks associated with current banking practices and that the financial system was over-leveraged and undercapitalized.
Form 144 must be filed with the SEC if there is an order to sell company stock during any three-month period where the sale volume exceeds 5,000 shares or units or the aggregate sale price exceeds $50,000.
The International Organization for Standardization (ISO) is an international non-governmental organization made up of national standards bodies that develops and publishes a wide range of private, industrial and commercial standards.