However, please note two qualifications: these are minimum standards for internationally active banks. Since Basel standards are minimum standards, a country may decide to set stricter requirements. For example, Switzerland has a higher leverage ratio. And the United Kingdom has ring-fencing rules in place that separate a bank’s vital basic functions from its riskier ones.
For our purposes, it would be expedient to focus on some of the economic aspects of the African Renaissance, primarily prospects of Africa’s economic growth, reconstruction and development through enhanced intra- and inter-continental trade. In this context, African Renaissance calls for increased economic integration within the African continent to enlarge markets, facilitate free flow of investment, goods and labour.