Basel II

 

Basel II is the set of banking standards which establish capital requirements and set up a series of safeguards against financial and operational risk. Basel II uses a three pillars concept; those three pillars are Minimum Capital Requirements, Supervisory Review, and Market Discipline. All financial firms have compliance and risk employees who confirm that the bank is compliant with all aspects of Basel II

Related Concepts: Anti-Money Laundering Basic Indicator Approach BIS Capital Requirements Corporate Governance Implementation Market Discipline Operational Risk SOX Supervisory Review   Available Positions Related to Basel II: Asset & Investment Management jobs Financial Services Operations jobs Management Consulting jobs

Relevant Functional Areas: Audit Compliance Financial Services Operations Market Data Risk Auditor Risk Management   Related Job Titles: Chief Compliance Officer Compliance Technology Credit Risk Internal Audit Market Risk Regulatory Accountant   Synonyms: Basel Accords BIS