Basel III: What You Need to Know via CCIM Institute

he Basel Capital Accords have been around for over two decades. The Group of Ten countries first adopted the Basel Capital Accord in 1988 to ensure banks hold more capital for high risk loans under the presumption that it would prevent catastrophe global economic failures. There have been several stages of the Basel Capital Accord, including Basel II and Basel III.

Three U.S. federal agencies — Office of the Comptroller of the Currency, Federal Reserve System, and the Federal Deposit Insurance Corporation — have proposed rules based off Basel III and reforms required by the Dodd-Frank Act. CCIM Institute was among several commercial real estate organizations that submitted a comment letter on the proposed rules (See Basel III letter below).

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