| 释义 | Basel Accord noun[ C ]
 ukus
 BANKING, FINANCE
 one of the two agreements (Basel 1 and Basel 2) made by countries belonging to the G10, which suggest rules for the control of the banking business in their countries:
 This study examines the effect of the 1988 Basel Accord on banks' capital ratios and credit risk-taking.
 The committee responsible for issuing the Basel accords sits at the Bank for International Settlements in Basel, Switzerland.
 
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