The diagram below represents two photographs of the Moon, A and B, taken at full moon phase several months apart. The photographs. were taken using the same magnification. Each photograph was cut. in half and the halves placed next to each other. A) The phases of the Moon changed. B) The Moon expanded.
The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision (BSBS). The name for the accords is derived from Basel, Switzerland, where the committee that maintains the accords meets.
Tier one is essentially top-notch capital, with core tier one a subset comprising the best of the best. The Basel Committee on Banking Supervision, whose Basel III rules form the basis for global bank regulation, is focused on the core tier one ratio, which, like the Americans, it refers to as the equity tier one ratio.