Basel III is the global framework governing the regulation of bank capital, liquidity and leverage agreed in the aftermath of the global financial crisis of 2008–9. Its provisions will, for the coming years, help determine the banks’ cost of capital and therefore the cost and supply of capital to businesses around the world.
ACCA has taken a keen interest in the new rules, as we believe that they will lead to a significant reduction in lending to SMEs in the long run, by shifting banks’ business models away from small business lending.
For this reason, under ACCA’s Research and Insights programme on Access to Finance, we have prepared a number of reports and resources for anyone interested in the future of small business banking. Our research has already helped to influence the debate on Basel III implementation in Europe and beyond, making ACCA part of a growing chorus of reputable organisations that want to see global capital and liquidity rules reconsidered in the medium term.
Visit the Basel III section of our Access to Finance micro-site.