Coverart for item
The Resource Time to set banking regulation right, Jacopo Carmassi and Stefano Micossi

Time to set banking regulation right, Jacopo Carmassi and Stefano Micossi

Label
Time to set banking regulation right
Title
Time to set banking regulation right
Statement of responsibility
Jacopo Carmassi and Stefano Micossi
Creator
Contributor
Author
Publisher
Subject
Language
eng
Summary
"Excessive leverage and risk taking by large international banks were the main causes of the 2008-09 financial crisis and the ensuing sharp drop in economic activity and employment. World leaders and central bankers promised that it would not happen again and, to this end, undertook to overhaul banking regulation, first and foremost by rectifying Basel prudential rules. This study argues that the new Basel III Accord and the ensuing EU Capital Requirements Directive IV fail to correct the two main shortcomings of international prudential rules: reliance on banks' risk management models for the calculation of capital requirements and the lack of accountability by supervisors. Accordingly, the authors propose the calculation of capital requirements without risk adjustment and creation of a system of mandated action by supervisors modeled on the U.S. framework of Prompt Corrective Action. They also recommend that banks should be required to issue large amounts of debentures that are convertible into equity in order to strengthen market discipline on management and shareholders"--provided by publisher
Cataloging source
AU@
http://library.link/vocab/creatorName
Carmassi, Jacopo
Dewey number
346.0821
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Micossi, Stefano
  • Centre for European Policy Studies (Brussels, Belgium)
http://library.link/vocab/subjectName
  • Banking law
  • Bank capital
  • Banks and banking
Label
Time to set banking regulation right, Jacopo Carmassi and Stefano Micossi
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 69-74)
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
1. Introduction -- 1.1. Micro-prudential regulation -- 1.2. Systemic stability and macro-prudential regulation -- 2. The changing business of banking -- 3. Bank capital in historical perspective -- 3.1. The first Basel Accord -- 3.2. From Basel I to Basel II -- 4. Fundamental flaws in Basel capital rules -- 4.1. Regulatory capital -- 4.2. Risk-weighted assets -- 4.3. Misguided goals and supervisory capture -- 4.4. Systemic risk -- 5. Failed repairs with Basel III -- 6. Restoring sound prudential regulation -- 6.1. Capital requirements: what for and how much? -- 6.2. Combating supervisory forbearance -- 6.3. Market discipline with contingent capital -- 7. Conclusions
Control code
FIEb17327295
Dimensions
24 cm.
Extent
74 pages
Isbn
9789461381750
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)794708202
Label
Time to set banking regulation right, Jacopo Carmassi and Stefano Micossi
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 69-74)
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
1. Introduction -- 1.1. Micro-prudential regulation -- 1.2. Systemic stability and macro-prudential regulation -- 2. The changing business of banking -- 3. Bank capital in historical perspective -- 3.1. The first Basel Accord -- 3.2. From Basel I to Basel II -- 4. Fundamental flaws in Basel capital rules -- 4.1. Regulatory capital -- 4.2. Risk-weighted assets -- 4.3. Misguided goals and supervisory capture -- 4.4. Systemic risk -- 5. Failed repairs with Basel III -- 6. Restoring sound prudential regulation -- 6.1. Capital requirements: what for and how much? -- 6.2. Combating supervisory forbearance -- 6.3. Market discipline with contingent capital -- 7. Conclusions
Control code
FIEb17327295
Dimensions
24 cm.
Extent
74 pages
Isbn
9789461381750
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)794708202

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