| From Gfmag.com: The growing popularity of Islamic financing and an intensified focus on risk management in the global banking industry are prompting greater awareness of the need for a unified—and appropriate—regulatory regime.
When the Basel Committee on Banking Supervision first drafted the Basel Capital Accord in 1988, it was focused on creating a framework for measuring credit risk and setting minimum capital standards to safeguard banks against a loss or default..............................................Full Article: Source
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