Correct option is C
Basel II was introduced in 2004. It is a set of international banking regulations developed by the Basel Committee on Banking Supervision.
Basel II aims to strengthen the banking sector's resilience to financial shocks by introducing more comprehensive and risk-sensitive capital requirements for banks. It also promotes better risk management practices and increased disclosure requirements.
The Basel II framework has three main pillars:
Minimum Capital Requirements
Supervisory Review
Market Discipline

