The Basle Capital Accord of 1988 established capital adequacy standards for international banks. As the Accord notes, its first objective was to improve the safety and soundness of banks. Its second objective was to control the competitive advantages international banks in different countries might enjoy over one another because they were subject to different capital requirements.
In Search of a Level Playing Field: The Implementation of the Basle Capital Accord in Japan and the United States (1994)
by PIFS International | 1994 | Hal Scott