Basel II
Basel III
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improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source
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improve risk management and governance
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strengthen banks’ transparency and disclosures.
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bank level, or micro-prudential, regulation, which will help raise the resilience of individual banking institutions, to periods of stress.
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macro-prudential, the system-wide risk that can build across the banking sector as well as the procyclical amplification of these risks over time.