The correct answer is D.

The Basel III reforms were officially announced in 2017. The Basel III reforms are a comprehensive set of reform measures designed to improve the regulation, supervision, and risk management within the banking sector. These reforms were developed in response to the financial crisis of 2007-2008. They are intended to strengthen bank capital requirements and introduce new regulatory requirements on bank liquidity and bank leverage. The announcement of these reforms in 2017 marked a significant milestone in banking regulation, with the aim of reducing the risk of future banking crises.

Choice A is incorrect. The Basel III reforms were not announced in 2010. This year marked the publication of the initial version of Basel III, but it was not officially announced as a reform until later.

Choice B is incorrect. The Basel III reforms were not announced in 2014 either. While there were discussions and proposals around banking regulations during this time, the official announcement of the Basel III reforms did not occur in this year.

Choice C is incorrect. Similarly, 2015 is also an incorrect answer as it does not correspond to the official announcement year for Basel III reforms.

Things to Remember

• Basel III reforms aim to improve regulation, supervision, and risk management in the banking sector
• These reforms were developed in response to the financial crisis of 2007-2008
• Basel III reforms focus on strengthening bank capital requirements, liquidity, and leverage
• The reforms are designed to reduce the risk of future banking crises
• Basel III reforms have a global impact on banking regulations