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Finally , the unavailability of proficient supervisors for performing corrective measures in solving bank problems was other major impendence in the survey performed . Thus , Basel I which had several drawbacks needed an essential revision on its standards thus gave way to revised new Basel Accord - Basel II . Basel II - a revolution in banking industries Basel committee with its goal of harmonizing the banking industries through redefining the risk of capital measurement is now in the process of regulating the existing Basel...