A more resilient financial system but… Basel III and the FSB

Perez Hernandez, Enrique (2010): A more resilient financial system but… Basel III and the FSB. Published in: Aestimatio. The IEB International Journal of Finance No. 1 (December 2010): pp. 1-24.

Abstract

At the request of the recent G20 Summits held in the last two years in Washington, London,Pittsburgh and Seoul, different international organizations, such as the IMF, BIS, WB, ECB, WTO, FSB, etc... have engaged to collaborate in the preparation of a new regulatory frame for a sounder global financial system; in particular the BCBS (Basel Committee on Banking Supervision) at BIS (Bank of International Settlements) and the FSB(Financial Stability Board) have reached agreements or will presumably do so in the near future in crucial issues such capital requirements, liquidity, leverage, systemic risk, etc. This paper tries to summarize the new regulatory standards, how they will be phased so that banks can meet the new requirements without impairing the economic recovery and our assessment on its macro and micro implications at the financial systems and real economies.

• Item Type: MPRA Paper
• Language: English
• Keywords: Resilience, Supervision, Regulation, Micro prudential, Capital, Liquidity, Leverage, Macro-prudential, Procyclical, Systemic, Rating, Derivatives
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G20 - General

References

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