Consider the following statements with respect to Basel III norms, prescribed by the Basel Committee on Banking Supervision:
1. It requires banks to maintain sufficient capital in order to meet an unexpected default.
2. It requires banks to maintain capital to cover risks like cyber-attack on bank server.
Which of the statements given above is/are correct?
Consider the following statements with respect to Basel III norms, prescribed by the Basel Committee on Banking Supervision:
1. It requires banks to maintain sufficient capital in order to meet an unexpected default.
2. It requires banks to maintain capital to cover risks like cyber-attack on bank server.
Which of the statements given above is/are correct?
Options
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