Basel Convergence Agreement Definition

other
An international agreement to implement common standards for funds that banks are required to have on hand to maintain adequate capital. The agreement is named for Basel, the city in Switzerland where the Bank of International Settlements (BIS) is located. The BIS essentially is a central bank for central banks and is involved in developing many rules and regulations to ensure the safety of the international banking system.
Webster's New World Finance
Advertisement

Find Similar Words

Find similar words to Basel Convergence Agreement using the buttons below.

Words Starting With

Words Ending With

Word Length

Words Near Basel Convergence Agreement in the Dictionary