Meaning
Basel Norms are global banking regulations aimed at fortifying the international financial system.Definition
Basel Norms are a series of international banking agreements established by the Basel Committee on Banking Supervision (BCBS) to promote financial stability globally.Core Objectives
Their main goals include strengthening bank solvency, ensuring adequate capital buffers against losses, and mitigating systemic risks in the banking sector.Key Pillars
The framework comprises three pillars: Minimum Capital Requirements (Pillar 1), Supervisory Review Process (Pillar 2), and Market Discipline (Pillar 3).Author
