Tag: banking
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Basel III — How Modern Banking Rules Make Banks Safer
After the 2008 Global Financial Crisis, regulators saw a clear problem: many banks looked strong but were actually fragile. They had: Basel III was created by the Basel Committee on Banking Supervision to fix this. Global Adoption Basel III is not a law. It is a global standard adopted by countries through their own regulators.…
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Why Basel Exists — The Origin of Global Banking Rules
Banking has not always had global rules. Before the 1970s, banks were regulated mostly within their own countries. As banks expanded internationally, this became a problem. A failure in one country could quickly affect others. In 1974, the collapse of a German bank exposed this risk. Regulators realized that banking instability could spread across borders.…
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The Real Bottleneck in Financial Inclusion Isn’t Regulation
Jamaica is not excluding people from finance by choice. It is excluding them by process. Every delay in opening an account, every manual underwriting step, every conservative credit assessment that defaults to “no” is a quiet decision made by a system that was never designed for the people it now serves. Inclusion fails not at…