Key difference between Basel II & Basel III framework
It must be personalised, planned, prioritised, and perfected. Surely, every one of us deserves to see our hard work show up as money. So, somebody needs to ensure that even those not keenly aware are guided to building sustainable wealth. They are also off-balance sheet – meaning that there is no cash paid out upfront and the cash is only paid out if certain conditions are met (so it is “contingent”). Basel 3 is being gradually implemented in local [...]