Author: Daniel K. Tarullo
Edition: 1 New
Publisher: Peterson Institute
Binding: Paperback
ISBN: 088132423X
Price:
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Banking on Basel: The Future of International Financial Regulation
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.Banking on Basel review. 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 arrangementRead full reviews of Banking on Basel: The Future of International Financial Regulation.
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Banking on Basel: The Future of International Financial Regulation - Daniel K. Tarullo
Review . . . it can be read and appreciated by the non-economist who wants to understand how global efforts to keep up with speculative bank maneuvers failed as dismally as domestic regulation did, and what should be done now. . . This is the kind of specialized book that. . . deserves a much wider readership. --American Prospect [Banking on Basel] is thorough, erudite, and well written. It will become a classic on this important topic of international bank regulation. --Robert Litan, Kauffman FoundationAbout the AuthorDaniel K. Tarullo is a professor of law at Georgetown University Law Center
author daniel k tarullo format paperback language english publication year 15 12 2008 subject management business economics industry subject 2 finance accounting title banking on basel the future of international financial regulation author tarullo daniel k publisher peterson inst for intl economics publication date nov 01 2008 pages 310 binding paperback edition 1 st dimensions 6 00 wx 9 25 hx 0 75 d isbn 088132423 x subject business economics international economics description tarullo georg
Powered by Frooition Pro Click here to view full size. Full Size Image Click to close full size. Banking on Basel - Book NEW Author(s): Daniel K. Tarullo Format: Paperback # Pages: 310 ISBN-13: 9780881324235 Published: 11/01/2008 Language: English Weight: 1.00 pounds Brand new book. About Us Payment Shipping Customer Service FAQs Welcome to MovieMars All items are Brand New. We offer unbeatable prices, quick shipping times and a wide selection second to none. Purchases come with a 30-day Satisf
Store Search search Title, ISBN and Author Banking on Basel: The Future of International Financial Regulation by Daniel Tarullo Estimated delivery 3-12 business days Format Paperback Condition Brand New Offers a three-point analysis that evaluates domestic bank capital regulation - particularly, minimum capital requirements applicable to large banks - analyzes the dynamics of international coordination, and comparatively measures the alternatives and outcomes of implementation. Publisher Descri
Banking on Basel Reviews
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.
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