Discussion
Which of the following are to be followed by Commercial Banks for risk management?
Answer: A
Correct answer: Basel III norms
Indian banks have been on the Basel III framework since 1 April 2013, phased in fully by 2019, and it is what governs their risk management today. Basel III followed the 2008 financial crisis and tightened the definition of capital, raised the minimum ratios, added a capital conservation buffer and a countercyclical buffer, and introduced leverage and liquidity requirements that Basel II had lacked. Basel I and II are superseded, and Solvency II is the corresponding framework for insurers, not banks.
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