Pillar III of the Basel II accord includes all ofthe following requirements for internationally active banks except:
A.A formal disclosure policy should be established,and supported by a bank's board of directors.
B.Banks should operate above minimum regulatory capital ratios.
C.Financial statements that fairly retlect financial condition should be Pllblished reglllarly.
D.There should be specific remedial actions in the event of nondisclosure.
Answer:B
The requirement to operate above minimum regulatory capital ratios is a requirement laid out in Pillar II regarding the interaction of supervisors and internationally active banks.Note that Pillar III relates to market discipline and disclosure.
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