Examples of Basle Accord in a sentence
For purposes of this Section 5.01(c) and Section 5.06 hereof, "Basle Accord" shall mean the proposals for risk-based capital framework described by the Basle Committee on Banking Regulations and Supervisory Practices in its paper entitled "International Convergence of Capital Measurement and Capital Standards" dated July 1988, as amended, modified and supplemented and in effect from time to time or any replacement thereof.
Ho, Daniel E., Compliance and International Soft Law: Why Do Countries Implement the Basle Accord?, 5 J.
For purposes of this Section 5.01(b), "Basle Accord" shall mean the proposals for risk-based capital framework described by the Basle Committee on Banking Regulations and Supervisory Practices in its paper entitled "International Convergence of Capital Measurement and Capital Standards" dated July 1988, as amended, modified and supplemented and in effect from time to time or any replacement thereof.
AFIC is particularly interesting because, for the very first time, credit unions with their cooperative operating principles were governed by the capital adequacy rules of the 1988 Basle Accord, which is primarily targeted at large international banks with access to a large shareholder equity base.
In July 1992, the Australian Financial Institutions Code (AFIC) was introduced to provide template prudential regulation for all Australian financial co-operative societies.3 The AFIC prudential requirements emulated the minimum risk-weighted capital ratios of the first Basle Accord (Table 1 details the risk weighting of assets).