What was the primary motivation behind the creation of the 1988 Basel Accord? Today, there is a clear consensus about the best way to design a central bank. What are the criteria for a successful central bank? Assignment

Was there a primary reason for the 1988 Basel Accord’s creation?
There is consensus today about how to best design a central banking institution. Which criteria are necessary for a functioning central bank to be successful?
Answer the following question with a quick explanation. The Federal Reserve is able to improve performance, but cannot stop a stock market collapse.





Managers and owners have given three reasons why they created large banks or financial institutions. These are the reasons. 

The second reason is diversification. The second is diversification. Universal banks and large financial companies don’t make all their money off one service or product. Second, economies of scale. A large company can operate with only one CEO, one Board and one accounting software. Third, economies of scale: A company offering a variety of services and products may have lower costs than companies selling a single product.

Which was the main motivation for creating the 1988 Basel Accord in the first place?

Globalization was the main goal of The Basel Accord 1988. It allowed foreign banks to enter a market, and then compete with local banks. International banks had an advantage over domestic banks due to differences in regulatory requirements between international and local banks (BIS, no. n.d.). Basel Agreement will require financial institutions that have global operations to meet minimum capital requirements.

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