Basel Ii Implementation In The Midst Of Turbulence

"Following a period of protracted turbulence, regulators on both sides of the Atlantic face the challenge of re-evaluating prudential standards in the midst of implementing the new so-called 'Basel II' rules, issued by the Basel Committee on Banking Supervision. Indeed, the 2007 subprime lending crisis and other scandals have cast doubt on the credibility of banks' internal governance and risk assessment and management systems and the role of credit rating agencies in externally assessing the risk of complex structured products. Equally, the capacity of regulators to monitor the risky, multifaceted activities of large cross-border institutions has been subjected to immense stress." "In addressing these issues, this CEPS Task Force report supports a regulatory paradigm shift, which resets the incentives to establish an integrated risk-assessment, -management and -governance culture at an institution-wide level. Towards this end, it stresses the need to strengthen the roles of pillars 2 and 3 (supervisory review and market discipline) and to avoid relying solely on the outcome of easily manipulated, excessively sophisticated internal models to determine capital requirements and a supervisory 'box-ticking' approach. The report also examines the potential consequences of the new rules on the basis of early quantitative impact studies and warns of undesirable impacts under adverse market conditions. Finally, it examines the progress achieved in implementing Basel II in Europe and in the US and raises questions about global regulatory consistency and convergence."--BOOK JACKET.

To what extent does WTO and EU law restrict governments to determine a balance between regulation and liberalization of banking?

The COVID-19 pandemic has shocked economies around the world and created an era of global instability. As the pandemic comes to a close, it is essential to examine global economies in order to achieve and maintain global stability. By maintaining global stability, the world may be prepared for future economic shocks. The Research Anthology on Macroeconomics and the Achievement of Global Stability discusses the emerging opportunities, challenges, and strategies within the field of macroeconomics. It features advancements in the field that encourage global economic stability. Covering topics such as Islamic banking, international trade, and Econophysics, this major reference work is an ideal resource for economists, government leaders and officials, business leaders and executives, finance professionals, students and educators of higher education, librarians, researchers, and academicians.

Sara Konoe looks into the politics of financial regulatory developments in the United States, Japan, and Germany. These case studies highlight systemic interaction between institutions and political contexts, and provide broader implications for global financial governance.

Explores European prudential banking regulation and supervision. This book takes stock of developments in legislation, case-law and institutions affecting prudential supervision. It offers an analysis of the difficulties facing banking regulation during financial crises, including the issue of competition law in the banking sector.

"Efficient land transactions and a functioning land market play an important role in economic development and growth. Yet, during the negotiations for their accession to the European Union in 2004, candidate countries requested the possibility to maintain restrictions on the acquisition of agricultural land and forests by foreigners for a certain period of time. Among other reasons, they considered the restrictions necessary to protect their agricultural sectors from shocks that might arise from the differences in land prices and incomes with the rest of the EU. This study reviews these transitional measures and the evolution of the agricultural sector in seven new member states, drawing conclusions about the impact of the restrictions and the necessity of maintaining them today." --Book Jacket.

'Transparency' has become both a catch-word in public debate and also an important research topic. Comprised of authoritative yet accessible contributions, this handbook surveys existing economic research on transparency and provides an up-to-date account of its meaning and significance in economic policy, market integration and regulation, and corporate governance and disclosure.