Industry WIKI

Basel II is a framework on banking regulations published by the Basel Committee on Banking Supervision in June 2004 to determine the minimum capital that banks should hold to guard against the financial and operational risks. It superseded Basel I and was extended and partially superseded by Basel III.

A pension buyout is the transfer of some or all pension scheme liabilities to an insurance company, usually by paying a premium so that the insurer becomes responsible for the covered benefits. It is used mainly for defined benefit pension schemes as a form of pension risk transfer. A buyout may cover all members of a scheme, after which the scheme is expected to wind up, or it may follo