Basel III Accord” or simply “Basel III” often seen in the new, seeks to

1. A. develop national strategies for the conservation and sustainable use of biological diversity.
2. B. improve banking sector”s ability economic stress and improve risk management.
3. C. reduce the greenhouse gas emissions but places a heavier burden on developed countries.
4. D. transfer technology from developed countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals.

Answer: B

Explanation

Basel III is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.