Part 1/10:
Understanding the Impact of Basel III on Banking and the Economy
Recently, discussions on social media have been rife with misleading opinions about upcoming banking regulations, specifically Basel III, which is set to go into effect on July 1st, 2025. These misconceptions often aim to stoke fear of a looming financial crisis, prompting individuals to make hasty investment decisions. However, as a former bank auditor, I want to clarify what Basel III truly entails, dispel myths, and highlight the actual implications — or lack thereof — for the average person.