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Banking on Basel: The Future of International Financial Regulation

Banking on Basel: The Future of International Financial Regulation
by Daniel K. Tarullo
September 2008 • 256 pp. ISBN Paper 978-0-88132-423-5
The turmoil in financial markets that resulted from the 2007 subprime mortgage crisis in the United States indicates the need to dramatically transform regulation and supervision of financial institutions. Would these institutions have been sounder if the 2004 Revised Framework on International Convergence of Capital Measurement and Capital Standards (Basel II accord)—negotiated between 1999 and 2004—had already been fully implemented? Basel II represents a dramatic change in capital regulation of large banks in the countries represented on the Basel Committee on Banking Supervision: Its internal ratings–based approaches to capital regulation will allow large banks to use their own credit risk models to set minimum capital requirements. The Basel Committee itself implicitly acknowledged in spring 2008 that the revised framework would not

Từ khóa: international financial regulation, banking on Basel, financial markets, banking supervision, giám sát ngân hàng, khủng hoảng thị trường tài chính, credit risk models

289 p tieuhoa 08/01/2013 321 2

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