Industry WIKI

Basel I, or the 1988 Basel Accord, is a framework on banking regulations published by the Basel Committee on Banking Supervision in 1988. It arose from deliberations by central banks from major countries during the late 1970s and 1980s. By 1992, it had been transposed into law by all Group of Ten (G10) countries.

Legal risk as a subset of operational risk that comprises the uncertainty associated with a business becoming a subjects of legal liability and obligations as a result of its operation.

The standardized approach for counterparty credit risk (SA-CCR) is the capital requirement framework under Basel III addressing counterparty risk for derivative trades.