What is it about?
The need for consistency, comparability whilst ensuring that a degree of specificity which incorporates tailor made requirements and the uniqueness of individual jurisdictional needs are incorporated into regulatory models.
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Why is it important?
This is important because even though principles account for many recommendations and regulations released by the Basel Committee on Banking Supervision , and even though a certain degree of judgement and reasoning is required to effectively enforce and implement such principles in order to facilitate relevant and applicable application, accountability is still essential in respect of areas where subjectivity can be exercised such that it deviates from intended goals aimed at ensuring and facilitating the goals of comparability, consistency, uniform application and relevance.
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This page is a summary of: The Basel Capital Adequacy and Regulatory Framework: Balancing Risk Sensitivity, Simplicity and Comparability, SSRN Electronic Journal, January 2014, Elsevier,
DOI: 10.2139/ssrn.2496894.
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