‘Basel III’ norms target at which of the following? Improve the banking sect

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‘Basel III’ norms target at which of the following?

Improve the banking sector’s ability to absorb shocks arising from financial and economic stress.
Improve risk management and governance.
Strengthen banks’ transparency.

Choose the correct answer using the codes given below:

Options:

A . 1 and 3 only

B . 1 only

C . 1 and 2 only

D . 1, 2 and 3

Answer: Option D
Answer: (d)Basel III is basically a regulatory accord designed specifically for the banking sector. It aims to improve the supervision, regulation and risk management within the sector. It also targets at strengthening the transparency of the banks.

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