‘Basel III’ norms target at which of the following?
(1) Improve the banking sector’s ability to absorb shocks arising from financial and economic stress.
(2) Improve risk management and governance.
(3) Strengthen banks’ transparency.
Choose the correct answer using the codes given below:

Options

A. 1 only
B. 1 and 2 only
C. 1 and 3 only
D. 1, 2 and 3

Answer

D

Explanation

Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk . So all the given statements are correct.