摘要：Following the 2007–09 global financial crisis, authorities addressed keyvulnerabilities in the banking system by revamping the regulatory framework,giving rise to Basel III. Most of the major elements of Basel III have already been implementedand have led to substantial improvement in the banking sector’s ability towithstand adverse financial conditions. In this way, it serves to enhanceoverall financial stability and provides a solid foundation for economicgrowth. At the time of writing, there are a few outstanding elements, particularlythe appropriate balance between risk-weighting and minimumcapital requirements.
