Jones, D., 2000, Emerging Problems With the Basel Capital Accord
: Regulatory Capital Arbitrage and Related Issues, Journal of Banking & Finance, 24(1-2): 35-58.
In the wake of the Global Financial Crisis (GFC) it became apparent that there were some shortcomings in the Basel Capital Accord
in place at the time, known as Basel II.
The 1998 Basel Capital Accord
, also known as the Basel I Accord, aimed to assess the bank's capital in relation to its credit risk, or the risk of a loss occurring if a party does not fulfill its obligations.
A good starting point for their examination is the FSB Compendium of financial standards, even though the effectiveness of global regulation is strictly linked with the implementation of more specific rules, such as the Basel capital accord
, the IOSCO Code of conduct for Credit rating agencies and the FSB recommendations about derivatives and systemically important financial institutions (SIFI).
The work by the Basel Committee on Banking Supervision (BCBS) on the first Basel Capital Accord
, (8) Basel I, provided an international consensus framework for bank safety and soundness regulation.
Taipei, July 16, 2012 (CENS) -- The Financial Supervisory Commission (FSC) plans to follow the new version of Basel Capital Accord
and introduce two new standards for the liquidity ratios of financial institutions, which will entail stricter definitions for qualified liquid assets.
However, there is still a lot to be done to further improve the IT systems as well as the procedure for capturing data so as to better enable our banks to meet the minimum data/ information requirement necessary for the effective implementation of the Basel capital accord
advance approaches in a proactive and disciplined manner, he added.
She also represented the Federal Reserve in the Financial Stability Forum and led its efforts to modernize the Basel Capital Accord
Overview of the New Basel Capital Accord
. Basel: Bank for International Settlements, January 2001(b).
Contributors, who are academics, practitioners, and regulators from around the world, discuss bank regulation and activity expansion in the US, board structure, community banks, performance, mergers and insider trading, the New Basel Capital Accord
and operational risk and corporate culture, the Enron and WorldCom failures, and the characteristics of the top 100 world banks, as well as providing case studies of Australian, German, Korean, and Hungarian institutions.