/biz/ - Business & Finance

>>30007271
https://www.investopedia.com/terms/b/basell-iii.asp

This says the implementation is January 2022?

I look up this stuff, but it either seems vague or I don't understand what exactly it will do to the market?

>>Basel III, which is alternatively referred to as the Third Basel Accord or Basel Standards, is part of the continuing effort to enhance the international banking regulatory framework. >>It specifically builds on the Basel I and Basel II documents in a campaign to improve the banking sector's ability to deal with financial stress, improve risk management, and promote transparency.
>>On a more granular level, Basel III seeks to strengthen the resilience of individual banks in order to reduce the risk of system-wide shocks and prevent future economic meltdowns.

>>29522246
yes, you see the point there