Your answer should be minimum 1000 words
The ‘Basel Committee on Banking Regulation and Supervisory Practices' prepares proposals for national legislation through EU directives. The preparation of these proposals is coordinated by the Bank for International Settlements. Over recent years, it has developed increasingly into a standard-setting body on all aspects of banking supervision, including Basel I, Basel II and Basel III regulatory capital framework.
Explain the differences between Basel I, Basel II and Basel III and discuss that how the implementation of Basel III can affect Small and Medium Sized Enterprises (SMEs) access to finance. You need to use relevant references to support your arguments.