Banking on Basel: The Future of International Financial Regulation |
 | Author: Daniel K. Tarullo
Publisher: Peterson Institute
Category: Book
List Price: $26.95
Buy New: $15.50
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Seller: oldbutcool
Rating:  1 reviews
Sales Rank: 240,253
Media: Paperback
Edition: 1 New
Pages: 324
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.9 x 6 x 0.8
ISBN: 088132423X
Dewey Decimal Number: 332.042
EAN: 9780881324235
ASIN: 088132423X
Publication Date: September 30, 2008
Availability: Usually ships in 1-2 business days
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Editorial Reviews:
Product Description
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. 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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Customer Reviews:
A scholarly examination of the recent events in the world market such as the 2007 Subprime Mortgage Crisis January 9, 2009
Midwest Book Review (Oregon, WI USA)
4 out of 5 found this review helpful
For every effect, there is a cause. "Banking on Basel: The Future of International Financial Regulation" is a scholarly examination of the recent events in the world market such as the 2007 Subprime Mortgage Crisis. Discussing the role of regulation in these events, some of the international regulations that have been laid down in recent years and how they have been improved, and how they can be improved in the future, it's everything one needs to know to accurately evaluate today's world market. Enhanced with plenty of charts, graphs, and indexes, "Banking on Basel" is a must for any economist who doesn't fully understand Basel and its consequences.
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