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Basel (/ ˈ b ɑː z əl /, BAH-zəl; German: ⓘ), also known as Basle, [note 1] is a city in northwestern Switzerland on the River Rhine (at the transition from the High to the Upper Rhine). [4] Basel is Switzerland's third-most-populous city (after Zurich and Geneva), with 177,595 inhabitants within the city municipality limits. [5]
Also in 2016, Quizlet launched "Quizlet Live", a real-time online matching game where teams compete to answer all 12 questions correctly without an incorrect answer along the way. [15] In 2017, Quizlet created a premium offering called "Quizlet Go" (later renamed "Quizlet Plus"), with additional features available for paid subscribers.
Basel III: Finalising post-crisis reforms, sometimes called the Basel III Endgame in the United States, [1] [2] Basel 3.1 in the United Kingdom, [3] or CRR3 in the European Union, [4] are additional changes to international standards for bank capital requirements that were agreed by the Basel Committee on Banking Supervision (BCBS) in 2017 as part of Basel III, first published in 2010.
The BIS-Tower, more commonly known as the BIS-high rise, is a 69.5-meter-high administrative tower and headquarters of the Bank for International Settlements (BIS) in Basel, Switzerland. Designed by architect Martin Burckhardt and built between 1972 and 1977, the tower is a landmark of the Central Railway Station and the city of Basel.
The BIS hosts the Secretariat of the Basel Committee on Banking Supervision (BCBS), colloquially referred to simply as the "Basel Committee", and with it has played a central role in establishing the Basel Capital Accords (now commonly referred to as Basel I) of 1988, Basel II framework in 2004 and more recently Basel III framework in 2010–2017.
Basel III requires banks to have a minimum CET1 ratio (Common Tier 1 capital divided by risk-weighted assets (RWAs)) at all times of: . 4.5%; Plus: A mandatory "capital conservation buffer" or "stress capital buffer requirement", equivalent to at least 2.5% of risk-weighted assets, but could be higher based on results from stress tests, as determined by national regulators.
A new set of rules known as Basel II was developed and published in 2004 to supersede the Basel I accords. Basel III was a set of enhancements to in response to the financial crisis of 2007–2008 . It does not supersede either Basel I or II but focuses on reforms to the Basel II framework to address specific issues, including related to the ...
1973 – Invicta International Airlines Flight 435 crashed south of nearby Hochwald while attempting to land at Basel-Mulhouse Airport. The accident became known in the British media as the Basle air crash and was the deadliest aviation disaster in Swiss history with the loss of 108 lives. [23] 1977 – Basler Zeitung (newspaper) begins ...