BASEL III Overview and Update (http://www.basel-ii-risk.com)

Firstly, some BASEL II History (BASEL III Overview is below)

• Basel II was implemented by many European and Worldwide banks in 2006.
• The existing guidelines were found to be unsuitable to ensure adequate bank liquidity during the Credit Crunch conditions. Basel II rules are now being reviewed in conjunction with the industry.
• There are a number of criticisms of Basel II, including that the rules are influenced by the industry, and they are very dependent on rating agencies.
• There were a number of weaknesses exacerbated by the credit crunch including: