International banking ,BG ,LC and International tradefinance

• Basel norms or Basel accords are the international banking regulations issued by the Basel Committee on Banking Supervision.

• The Basel norms is an effort to coordinate banking regulations across the globe, with the goal of strengthening the international banking system.

• It is the set of the agreement by the Basel committee of Banking Supervision which focuses on the risks to banks and the financial system.

• The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters for the central banks of different countries.

• It provides a forum for regular cooperation on banking supervisory matters.

• Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.

• Trade finance represents the financial instruments and products that are used by companies to facilitate international trade and commerce.

• Trade finance makes it possible and easier for importers and exporters to transact business through trade.

• Trade finance can help reduce the risk associated with global trade by reconciling the divergent needs of an exporter and importer.

• International banking comprises cross-border business in any currency and local business in foreign currencies

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