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Basel |
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Basel (bä`zəl) or Basle (bäl), Fr. Bâle, canton, N Switzerland, bordering on France and Germany. It is bounded in the N by the Rhine River (which becomes navigable in the canton) and in the S by the Jura Mts. Although it has industries, Basel is mainly a region of fertile fields, meadows, orchards, and forests. Its inhabitants are German-speaking and Protestant. The canton has been divided since 1833 into two independent half cantons— Basel-Land (1993 pop. 248,500), 165 sq mi (427 sq km), generally comprising the rural districts, with its capital at Liestal, and Basel-Stadt (1993 pop. 196,600), 14 sq mi (36 sq km), virtually coextensive with the city of Basel (1993 pop. 175,500) and its suburbs. Divided by the Rhine, the city consists of Greater Basel (Grossbasel, left bank), which is the commercial and intellectual center, and Lesser Basel (Kleinbasel), where industry is concentrated. Basel is a major economic center and the chief rail junction and river port of Switzerland. It is also a financial center. The city is the seat of the Swiss chemical and pharmaceutical industry and of the Swiss Industries Fair; it also has an important publishing industry. Other products are machinery and silk textiles. Founded by the Romans (and named Basilia), it became an episcopal see in the 7th cent. It passed successively to the Alemanni, the Franks, and to Transjurane Burgundy. In the 11th cent. it became a free imperial city and the residence of prince-bishops. The celebrated Council of Basel Basel, Council of, 1431–49, first part of the 17th ecumenical council in the Roman Catholic Church. It is generally considered to have been ecumenical until it fell into heresy in 1437; after that it is regarded as an anticouncil. One of the oldest intellectual centers of Europe, Basel has through its university (founded 1460 by Pius II) attracted leading artists, scholars, and teachers. It was the residence of Froben, Erasmus, Holbein the Younger, Calvin, Nietzsche, and the Bernoulli family. Jacob Burckhardt and Leonhard Euler were born there. Among the city's noted structures are the cathedral (consecrated 1019), in which Erasmus is buried; the medieval gates; several guild houses; the 16th-century town hall; the Kunstmuseum with a valuable collection of Holbein's works; and the Fondation Beyeler, a modern-art museum designed by Renzo Piano. The city has many other art galleries and museums. Baselor Basle French BâleCity (2000: city, 166,558; metro. area, 402,387), northwestern Switzerland. It straddles the Rhine at the point where France, Germany, and Switzerland meet. It was originally a settlement of the Celtic Rauraci tribe. Its university, the first in Switzerland, was founded by Pope Pius II while attending the Council of Basel (1431–49). In 1501 Basel was admitted into the Swiss Confederation. When Desiderius Erasmus taught at the university (1521–29), the city became a centre of humanism and of the Reformation. Primarily German-speaking and Protestant, it is an important trading and industrial city and river port. |
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| Basel II-the regulatory framework accepted by the Basel Committee of the Bank for International Settlements--has made a positive impact in the banking industry as far as risk management and capital adequacy regulations are concerned. Basel II is important to any business whose profitability is linked to cost of funds provided by banks. implementation of the "International Convergence of Capital Measurement and Capital Standards: A Revised Framework," otherwise known as Basel II. |
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