Which of the following is not one of the 'three pillars' specified in the Basel accord:

Which of the following is not one of the ‘three pillars’ specified in the Basel accord:

Which of the following is not one of the ‘three pillars’ specified in the Basel accord:
A . Market discipline
B . Supervisory review
C . National regulation
D . Minimum capital requirements

Answer: C

Explanation:

The three pillars are minimum capital requirements, supervisory review and market discipline. National regulation is not a pillar described under the accord. Choice ‘c’ is the correct answer.