High-level summary of Basel III reforms Practice Question Set covers the following learning objectives:
* Explain the motivations for revising the Basel III framework and the goals and impacts of the December 2017 reforms to the Basel III framework.
* Summarize the December 2017 revisions to the Basel III framework in the following areas:
* The standardized approach to credit risk
* The internal ratings-based (IRB) approaches for credit risk
* The CVA risk framework
* The operational risk framework
* The leverage ratio framework
* Describe the revised output floor introduced as part of the Basel III reforms and approaches to be used when calculating the output floor.
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