Increasing the stability of the banking system in accordance with the requirements, Basel III

Abstract

The Basel Committee on Banking Supervision is a set of norms and standards for the structure of
banking assets, aimed at increasing liquid reserves and improving their quality in the global banking sector. This
will significantly increase the resilience of banks and their ability to withstand new financial shocks. The results
of the analyzed banking crisis showed that the main reason for the crisis was the low liquidity of the banking
sector and the lack of reserve funds to cover the costs and expenses in the case of loans. The banking system of
each country has a different level of development. Thus, such factors as the introduction of banks by different
countries of the Basel III standards, to varying degrees affect their work. The authors have considered some
legality and the similarity of the three basic agreements, considering the dynamics of changes in regulatory
standards. They have also identified several key Basel III standards that can increase the reliability of the bank’s
structure. The article considers the implementation of Basel III in the global banking system.