I think they may have to have a Basel III before too long because everything gets more and more complex in the world.

我认为不久就会推出第三次巴塞尔协议,因为世上万事都变得越来越复杂了

耶鲁公开课 - 金融市场课程节选

It's also about bank regulation, such as the Basel Accord, Basel I and Basel II.

还会讲到银行监管,比如巴塞尔协议和新巴塞尔协议

耶鲁公开课 - 金融市场课程节选

In the Basel I there were Tier I capital requirements and they defined Tier I capital as capital in a certain form -it's stockholders equity plus preferred stock.

第一次巴塞尔协议提出了一级资本要求,他们将一级资本定义为,一种特定形式的资本金,就是股东权益加上优先股

耶鲁公开课 - 金融市场课程节选

It recognizes that the risks that a bank faces are very complex and that they are not summarized by just the classes of borrowers that were defined in Basel I.

它指出一个银行所面对的风险是非常复杂的,第一次巴塞尔协议定义的借款人风险等级,无法概括全部的风险

耶鲁公开课 - 金融市场课程节选