Which among the following is NOT true about BASEL?
A
Initially it was named as Committee of Banking Regulations and Supervisory Practices (CBRS)
B
BASEL was established by the Central Bank Governors of fifteen countries
C
It was established by the end of 1974
D
Disturbances in international currency and banking markets were responsible for its establishment
Correct Answer: BASEL was established by the Central Bank Governors of fifteen countries