cross culture management choose the following topics and write acritical essay wi

Choose the Following topics And write acritical essay with the world limit 800 exclusing Referesing
Topics
1)The 2008 financial crisis revealed the failure of the Basel Committee to follow financial innovations and prompted the Committee to review the Basel II framework and carry out a new framework with more adequate capital requirements. Explain the impact of Basel III capital requirements on the financial sector and the real economy. Moreover, identify the reasons of regulating banks and the financial sector.
2)Explain how the Credit Risk Capital Requirements has changed from Basel Acord to Basel II and later to Basell III. Include a discussion on the difference between standardized approach, the IRB approach and the advanced IRB approach.
3)Critically compare the implementation of Operational Risk Management from Basel Acord to Basel II and later to Basell III. Explain the difference between the basic indicator approach, standardized approach and advance measurement approach for calculating operational risk capital.

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