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Published in:
2014 | OriginalPaper | Chapter
The Journey from Basel I to Basel III: History and fundamentals explained
Author : Ruth Wandhöfer
Published in: Transaction Banking and the Impact of Regulatory Change
Publisher: Palgrave Macmillan UK
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Someone once wisely said, ‘Basel is a journey, rather than a destination’. Whilst the ordinary European would think of the small Swiss city, bankers and regulatory geeks will of course know that ‘Basel’ stands for the accords that are being decided upon by the so-called Basel Committee, a sub-committee of the Bank for International Settlement (BIS), which – no surprise – is headquartered in the little city of Basel, Switzerland.