basel I

Basel-I

A set of international banking regulations put forth by the Basel Committee on Bank Supervision, which set out the minimum capital requirements of financial institutions with the goal of minimizing credit risk. Banks that operate internationally are required to maintain a minimum amount (8%) of capital based on a percent of risk-weighted assets.

Basel-II

A set of banking regulations put forth by the Basel Committee on Bank Supervision, which regulates finance and banking internationally. Basel II attempts to integrate Basel capital standards with national regulations, by setting the minimum capital requirements of financial institutions with the goal of ensuring institution liquidity.

I think recently Basel-III rules are also published. These are to be implemented by the banks depending on its business size and its operations presence.

These are prepared by the Basel Committee which is part of Bank for International Settlements (BIS), which is the bank for all central banks across the world headquartered in Basel, Switzerland.