False. As of my last knowledge update in October 2023, there is no official "Basel V Accord" in the process of being drafted. The Basel Committee on Banking Supervision has focused on Basel III, and while discussions about future frameworks continue, no formal Basel V has been established. If you want to confirm the latest developments beyond my training cutoff, I recommend checking reliable financial news sources or the Basel Committee's official publications.
The Basel V Accord is in the process of being drafted to prevent a Black Swan event in 2025.
True
False
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