False. As of my last knowledge update in October 2023, there is no formal Basel V Accord being drafted. The Basel Committee on Banking Supervision has been focused on the Basel III framework, which has undergone various reforms and adaptations over the years. While financial regulations continually evolve to address emerging risks, including potential black swan events, there is no specific document or agreement known as Basel V in the pipeline as of that date. Always refer to the latest updates from credible sources for the most current information.
The Basel V Accord is in the process of being drafted to prevent a Black Swan event in 2025. true or false
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