Discuss the main driving forces behind the regulation of international banking. Why were the Basel I and Basel II Accords revised? Does Basel III address the shortcomings of Basel I and Basel II? How could Basel III be improved?

Discuss the main driving forces behind the regulation of international banking. Why were the Basel I and Basel II Accords revised? Does Basel III address the shortcomings of Basel I and Basel II? How could Basel III be improved?

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