Basel Accords

Basel Accords are sets of agreements about how banks should manage their money to make sure they stay safe. Banks are responsible for keeping customers' money safe, and the Basel Accords are a set of rules that tell banks how to manage money so that they can always afford to give customers their money when they need it. The accords tell banks to save up some of the money they get from customers so they have enough if they need to pay it back. This protects customers and makes sure that banks don't run out of money.