Los retos del nuevo Acuerdo de Capital para los países en desarrollo y la función del BIS

Heinrich, Gregorio (2004): Los retos del nuevo Acuerdo de Capital para los países en desarrollo y la función del BIS. Published in: Revista de Temas Financieros , Vol. 1, No. 1 (2004): pp. 111-125.

Abstract

This document describes the main issues of the New Basel Accord, highlights the roles and organization of the Basel Committee on Banking Supervision (BCBS) and the Bank for International Settlements (BIS), and offers some arguments against some of the criticism that has been voiced against the new accord, namely that : a) it is very complex; b) it enhances the procyclicality of the financial system; c) It overweighs the opinion from rating agencies; d) it adversely affects the small and medium enterprises and developing countries; and finally e) it does not take the characteristics of emerging economies into account. The document concludes it is essential for supervisors and banks to engage in frequent conversations about the potential effects of the New Basel Accord.

The text is based on a presentation made at the “Convención Bancaria 2003”, of the Colombian Bankers’ Association (“Asociación bancaria y de entidades financieras de Colombia”), Cartagena, Colombia, 12 June 2003.

• Item Type: MPRA Paper
• English Title: The new capital accord : Challenges for deleveloping countries, and the role of the BIS
• Language: Spanish
• Keywords: banking supervistion, regulation, reform, Basel II, BIS, emerging markets, developing economies
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E59 - Other; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; K - Law and Economics > K2 - Regulation and Business Law > K23 - Regulated Industries and Administrative Law; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O19 - International Linkages to Development ; Role of International Organizations

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