The Committee’s first achievement in this area was the promulgation of the Basle Capital Accord,32 which was published in 1988 and laid down minimum capital adequacy requirements based on relative levels of exposure to 29 30 31 32  See Basle Committee on Banking Supervision (1975). See Basle Committee on Banking Supervision (1992). See Basle Committee on Banking Supervision (1996).
See Basle Committee on Banking Supervision (1988). BIS Review 62/1998  - 11 -  various forms of credit risk, both on and off balance sheet.