Discuss Some of the Problems of Basel 2 That the Global

question 17

Essay

Discuss some of the problems of Basel 2 that the global financial crisis revealed.

---

Definitions:

Residual Income

The income that remains after all personal debts and expenses have been paid, or in business, after all capital costs are deducted from net revenues.

Internal Centralized Service Department

A department within an organization that provides essential services or support centrally to other departments, often aiming to increase efficiency and standardization.

Manufacturing Department

A specialized division within a company that is focused on the production of goods.

Payroll Accounting

The process of recording and managing all financial transactions related to employee compensation.