The international financial regulatory community has negotiated three BASEL Accords through the Basel Committee on Banking Supervision within the Bank for International Settlements. The third of these is still being implemented, with some aspects still under consideration and development.EXAMINE BRIEFLY the history of, and purposes for, the three BASEL Accords. In particular, NOTE the purposes for the most recent BASEL Accord.SUMMARISE BRIEFLY the outcomes from the first two BASEL Accords. FOCUS ON the difficulties and successes with implementation of the Accords and any unintended consequences that may have arisen as a result of their implementation. Accordingly, also NOTE any criticisms or doubts about the effectiveness or otherwise of the BASEL III Accord.COMMENT ON any role the Accords may have had in contributing to the Global Financial Crisis that commenced in 2007 and note any commentary on the success or otherwise of the BASEL regime.