6:15 p.m.

(b)

Very interesting.

I think confusion arose, as in banking, tier 1 is the best, but again, I am wrong on this too. Gartner, says that there are 4 mature markets, plus 7 emerging markets, where the banks are graded in comparison to banking market size. So, you'd think a number 1, is higher. But it's actually, to do with the bank balance sheet. How many assets to balance their debts. Basel Accords.

I'm reading this:

https://www.investopedia.com/terms/t/tier1capital.asp