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.
In September 2013, after multiple iterations, the Basel Committee on Banking. Supervision (BCBS), part of the Bank of International Settlements (BIS), and the. International Organization of Securities Commissions (IOSCO) jointly published. a final framework establishing consistent global standards for margin. requirements for non-centrally-cleared derivatives.