International Organization for Standardization (ISO): What You Need to Know

What is ISO? The International Organization for Standardization (ISO) is an independent, non-governmental international organization that develops and publishes standards to ensure the quality, safety, and efficiency of products, services, and systems. It was established in 1947 and is headquartered in Geneva, Switzerland. ISO standards are developed through a consensus-based …

International Labor Organization ILO Definition and Standards

International Labor Organization: Definition and Standards The International Labor Organization (ILO) is a specialized agency of the United Nations that sets international labor standards and promotes social justice and decent work for all. It was established in 1919 and is headquartered in Geneva, Switzerland. The ILO’s primary goal is to …

Federal Trade Commission: Understanding its Role and Functions

Role of the Federal Trade Commission The Federal Trade Commission (FTC) plays a crucial role in protecting consumers and promoting fair competition in the marketplace. Established in 1914, the FTC is an independent agency of the United States government. Its primary mission is to prevent unfair business practices, including deceptive …

Federal Communications Commission (FCC) Mission and FQS

Federal Communications Commission (FCC) Mission The Federal Communications Commission (FCC) is an independent agency of the United States government that is responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable. The mission of the FCC is to ensure that the American people have access to …

Bureau of Labor Statistics: Understanding its Purpose and Function

Role of the Bureau of Labor Statistics The Bureau of Labor Statistics (BLS) plays a crucial role in providing accurate and reliable information about the labor market and economic conditions in the United States. As a federal agency, the BLS is responsible for collecting, analyzing, and disseminating data related to …

Basel III Capital Requirements and Implementation

Overview of Basel III Capital Requirements The Basel III Capital Requirements are a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS). These regulations aim to strengthen the banking sector by improving the quality and quantity of capital held by banks, as well as introducing …

Basel II Definition Purpose Regulatory Reforms

Basel II: Definition, Purpose, and Regulatory Reforms Basel II is an international regulatory framework that sets out the minimum capital requirements for banks and other financial institutions. It was developed by the Basel Committee on Banking Supervision (BCBS), a committee of banking supervisory authorities from various countries. Definition Basel II …

Basel Accords: The Purpose, Pillars, History, And Member Countries

Purpose of Basel Accords The purpose of the Basel Accords is to establish international standards and regulations for the banking industry. These accords aim to promote financial stability, enhance risk management practices, and ensure the soundness of banks worldwide. One of the primary objectives of the Basel Accords is to …