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If you have no idea about this topic whatsoever, you may want to find out about the Basel Accords. Prior to Basel III, there were two other incarnations, Basel I and Basel II. Here we provide a brief synopsis of what Basel III is. Basically, an organization was formed to prevent financial collapse of a country's economic system by regulating how banks loan money. For riskier loans, or for banks to loan to high-risk individuals or companies, they are required to have more capital on hand in case that loan defaults. Again, that's just how we understand it. According to Ernst & Young, US regulators have proposed July 2025 for compliance with the new requirements, with a multiyear transition period... Click here
For more information, and the best detailed explanation that we could find... Click here