For the first time, in which year Basel Committee came up with Capital Accords for banks?
For the first time, in which year Basel Committee came up with Capital Accords for banks?
[A]1985
[B]1988
[C]1990
[D]1992
1988
The BCBS first came out with 1988 Capital Accord for banks, taking into account the elements of risk in various types of assets in the balance sheet as well as off-balance sheet business.