QA TECHNIC Basel Certification

BIS (Bank for international settlements) which is formed after meeting central banks of several countries has formed Basel in 1974. The Basel Committee has established Basel-I standards in 1988. These standards has determined the functioning criterias of banks which they have to follow.

After a certain period of time after the financial markets have improved, these standards have become inadequate and Basel II standards have been formed. In our article, we will be mentioning the Basel II standards which will be established in 2007 and the points that KOBIs should be aware of while applying these standards.