TY - BOOK ID - 77874710 TI - Banking on Basel PY - 2008 SN - 1281898058 9786611898052 0881324914 1435692268 9781435692268 9780881324914 6611898050 9781281898050 088132423X 9780881324235 PB - Washington, DC Peterson Institute for International Economics DB - UniCat KW - Bank capital. KW - Banking law. KW - Banks and banking, International KW - International banking KW - Offshore banking (Finance) KW - Transnational banking KW - Financial institutions, International KW - International finance KW - Banks and banking KW - Law, Banking KW - Financial institutions KW - Capital KW - Standards. KW - State supervision. KW - Law and legislation KW - Bank capital KW - Banking law KW - 332.1 KW - Hb2 KW - 333.130.2 KW - 333.130.3 KW - 333.139.0 KW - AA / International- internationaal KW - Standards KW - State supervision KW - Bankliquiditeit. Verplichte reserves. Solvabiliteit KW - Kapitaal van de banken. Eigen fondsen van de banken KW - Controle en nationalisatie van de banken: algemeen UR - https://www.unicat.be/uniCat?func=search&query=sysid:77874710 AB - 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 have been adequate to contain the risks exposed by the subprime crisis and needed strengthening. This crisis has highlighted two more basic questions about Basel II: One, is the method of capital regulation incorporated in the revised framework fundamentally misguided? Two, even if the basic Basel II approach has promise as a paradigm for domestic regulation, is the effort at extensive international harmonization of capital rules and supervisory practice useful and appropriate? This book provides the answers. It evaluates Basel II as a bank regulatory paradigm and as an international arrangement, considers some possible alternatives, and recommends significant changes in the arrangement. ER -