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.
Interest Rate Risk in the Banking Book (IRRBB) is the risk to earnings or capital. arising from movement of interest rates, which has always been subject to a Pillar 2. approach under the Basel framework. The Basel Committee tried to apply a Pillar 1.