In Banking industry there are three sets of banking regulations to provide recommendations on banking regulations which are called Basel Accords.
These three sets of regulations are Basel I, Basel II, Basel III in regards to capital risk, operational risk and market risk. Basel accords help the financial institutions to make enough capital for supporting obligations and unexpected losses.
Basel Committee on Banking Supervision (BCBS) has issued this Basel Accords term.
Basel Accord is an agreement that required that banks hold as capital at least 8% of their risk-weight assets.