Our results also indicate that the effect of capital regulation on bank risk and cost efficiency is different for each of the Basel accords
Franzetti gives background details on the three pillars of the Basel accord
and describes the three options provided for operational risk quantification, including different views on their strengths and weaknesses.
INTERNATIONAL REGULATORY REGIMES: BRETTON WOODS AND THE BASEL ACCORDS A.
In light of the 2008 financial crisis, new international banking regulations, notably those of the Ihird Basel Accord
, pay close attention to banks' liquidity.
The 1988 Basel Accord
(Basel I) was the first attempt at defining uniform capital requirements across country lines.
But sadly this is what our so-called Resolution Authority has decided, having failed in its initial effort to create four different classes of shares -- something not provided for in the Basel Accord
Bank regulators across the world have adopted Basel Accord
guidelines for risk measurement and management at their constituent banks.
Global Banking News-December 18, 2012--Banking supervisors believe Basel accord
won't be affected by delays(C)2012 ENPublishing - http://www.
Many have argued that the Basel Accord
was developed mainly to seek out the interests of the developed world, not those of emerging economies, especially small ones (Grynberg and Silva 2006).
Commenting on the conference that will be held at the end of the month in Abu Dhabi -- with main speakers Dr Jasem Al Mannaei, Chairman of the Arab Monetary Fund (AMF), Nasser Al Suwaidi, UAE Central Bank Governor, and many other international and regional financial experts -- Dr Ashour said that the meeting will highlight the UAE measures with regard to the implementation of the latest Basel Accord
The second Basel Accord
, Basel II, was developed in response to perceived shortcomings, in particular with the asset risk-weighting system, discussed in more detail in Appendix A.
The CBC, for instance, regulates that corporate bonds can be treated as liquid reserve assets but the new Basel Accord
stipulates that corporate bonds must be discounted in being listed as liquid assets and corporate bonds without adequate credit rating are disqualified.