Harmonising Basel III and the Dodd Frank Act

Ojo, Marianne (2011): Harmonising Basel III and the Dodd Frank Act. Published in: Kindle Direct Publishing, Amazon (2014)

Abstract

This paper aims to highlight why the harmonization of two major legislative frameworks, namely, Basel III and the Dodd Frank Act, will contribute immensely to resolving future global as well as regional financial crises.

More specifically, the paper also aims to highlight the significance and importance of addressing the main transmission channels of financial instability and systemic risks at micro and macro prudential level as well as the need for consideration and redress of the obstacles confronted by Basel III – with particular regards to the impediment imposed by the Dodd Frank Wall Street Reform and Consumer Protection Act.

• Item Type: MPRA Paper
• Language: English
• Keywords: Basel III; Dodd Frank; credit ratings; financial crises; regulation; financial stability; systemic risks
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy; K - Law and Economics > K2 - Regulation and Business Law; G - Financial Economics > G2 - Financial Institutions and Services; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; G - Financial Economics > G0 - General > G01 - Financial Crises

References

European Central Bank, Financial Stability Review December 2010 at page 124 <http://www.ecb.int/pub/pdf/other/financialstabilityreview201012en.pdf

Kamin S, Testimony by the Director of the Division of International Finance on the Economic Situation of Europe, before the Sub Committee on TARP and Financial Services, and Bailouts of Public and Private Programmes, Committee on Government and Oversight Reform, US House of Representatives Washington DC, December 16 2011. http://www.federalreserve.gov/newsevents/testimony/kamin20111216a.htm

Scott H, „Reducing Systemic Risk Through the Reform of Capital Regulation“ Journal of International Economic Law 13(3) at pages 766-767.

Walter S, Speech by the Secretary General of the Basel Committee on Banking Supervision at the Risk Europe Pre Conference Summit, Brussels 4 April 2011.

Tarullo D, Testimony on the Dodd Frank Act Implementation, December 6 2011 http://www.federalreserve.gov/newsevents/testimony/77067FEB3388433982C1D5740D776DC5.htm

The Dodd Frank Wall Street Reform and Consumer Protection Act <http://www.sec.gov/about/laws/wallstreetreform-cpa.pdf>