Risk management by the Basel Committee: evaluating progress made from the 1988 Basel Accord to recent developments

Ojo, Marianne (2008): Risk management by the Basel Committee: evaluating progress made from the 1988 Basel Accord to recent developments. Published in: Journal of Financial Regulation and Compliance , Vol. 18, No. 4 (November 2010): pp. 305-315.

Abstract

This paper traces developments from the inception of the 1988 Basel Capital Accord to its present form (Basel II). In highlighting the flaws of the 1988 Accord, an evaluation is made of the Basel Committee’s efforts to address such weaknesses through Basel II. Whilst considerable progress has been achieved, the paper concludes, based on one of the principal aims of these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and those risks attributed to non bank financial institutions.

• Item Type: MPRA Paper
• Language: English
• Keywords: risk;management;regulation;banks;Basel;Committee
• Subjects: K - Law and Economics > K2 - Regulation and Business Law

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