International Banking Regulation

Critically discuss whether the design of International Banking Regulation (Basel 3) primarily be based on prescriptive rules or a discretionary application of principles. ( report should be 750 words only) It should be Exemplary, sophisticated and highly detailed research of the Basel 3 regulation and discussion on the prescriptive rules or discretionary application of principles. – Talk about Basel 2 and Basel 2 in 1 paragraph only. – Define Basel 3 as it is a set of regulation that liquidate capital requirment after 2008 financial crises. – We axpect that there will be an financial crises soon and before 2022 and that’s why Basel 3 is deferred every time (they are waiting for the financial cries). Defened the statement – Basel 3 regulation > minimum amount of equity a percentage of assets. – Mention 2008 financial cries.