The Basel Accords are a series of three sets of international banking regulations (Basel I, Basel II, and Basel III) developed by the Basel Committee on Banking Supervision (BCBS). These regulations aim to ensure that financial institutions have enough capital on hand to meet their obligations and absorb unexpected losses, thus promoting the stability of the international financial system. They focus on capital adequacy, stress testing, and market liquidity risk. Basel regulations are commonly used to govern banking supervision and risk management practices globally.
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