BASLE COMMITTEE Definition

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BASLE COMMITTEE was set up by the Bank for International Settlements and is based in Basle. The Committee drew up international capital adequacy standards for banks and was once known as the Cooke Committee, after a former chairman.

Learn new Accounting Terms

COMMISSION is remuneration proportional to sales volume; stated as a percentage or monetary amount.

COUNTERBALANCE is a compensating equivalent or to oppose and mitigate the effects of something by contrary actions.

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