Examine the role of the Basel Committee in the standard-setting process in international banking. What are the Committee’s main regulatory accomplishments? What are the implications of the reliance of the Basel II capital adequacy framework on credit rating agencies’ assessments for the effectiveness, legitimacy, and fairness of this framework? (Singer)

The Basel Committee has meetings to discuss banking standards and to the ability to influence exchange rates in the G10 countries

The Basel II capital adequacy framework is responsible for influencing banking standards which requires a ratio of debt and assets which credit agencies would all be required assess when rating banks

Credit agencies are very fair in assessing the reliance of international banking since all the ratings are close to being the same and have little to no discrepancies

Answer rating: 100% (QA)

The Basel Committee on Banking Supervision plays a crucial role in setting international banking standards and regulations to ensure the stability and soundness of the global banking system Establishe... View the full answer