Basel II Established Minimum Capital Requirements, Procedures to Ensure That

question 18

True/False

Basel II established minimum capital requirements, procedures to ensure that sound internal process are used to assess capital adequacy and set targets that were commensurate with the risk profile and environment in an endeavour to protect solvency of individual FIs.Basel III introduced liquidity and higher capital levels to protect the financial system in general.

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Definitions:

CenturyLink

A technology and communications company offering a range of services including network, security, cloud solutions, and voice.

False Imprisonment

The unlawful restraint of another against the person’s will.

Detain

The act of keeping someone in custody or confinement, often by legal authority or power.

False Imprisonment

The unlawful restraint of a person against their will, where no legal justification exists.