There is a main difference between Basel II and Basel III. In Basel III, there is a 4.5% capital buffer to absorb shock. With Basel II, there is no capital buffer.
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Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II, which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face. Advocates of Basel II believe that such an international standard can help protect the international financial system from the types of problems that might arise should a major bank or a series of banks collapse. In practice, Basel II attempts to accomplish this by setting up rigorous risk and capital management requirements designed to ensure that a bank holds capital reserves appropriate to the risk the bank exposes itself to through its lending and investment practices. Generally speaking, these rules mean that the greater risk to which the bank is exposed, the greater the amount of capital the bank needs to hold to safeguard its solvency and overall economic stability.For more details please refer to http://en.wikipedia.org/wiki/Basel_IIAbove is copied from this place only.
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The Risk Weighted Asset, or RWA, represents the credit risk of a bank. Under Basel II, the bank must hold REAL capital of at least 8% of the RWA.
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The main difference between Aetna Choice POS II HealthFund and Open Access plans is how they handle out-of-network care. The Choice POS II HealthFund plan requires you to get a referral from your primary care physician to see a specialist, while the Open Access plan allows you to see any doctor without a referral. Additionally, the HealthFund plan includes a health savings account for eligible expenses, while the Open Access plan does not.