scholarly journals The (multilevel) articulation of the European participation in international financial fora: the example of the Basel Accords

2021 ◽  
Author(s):  
Diane Fromage
Keyword(s):  
Basel Accords

Relationship between Selic rate and Basel III parameters - A statistics approach and a fuzzy forecasting model

2021 ◽  
pp. 1-14
Author(s):  
Thiago Henrique Barbosa de Carvalho Tavares ◽  
Bruno Pérez Ferreira ◽  
Eduardo Mazoni Andrade Marçal Mendes
Keyword(s):  
Cross Correlation ◽  
Data Distribution ◽  
Forecasting Model ◽  
Basel Iii ◽  
Output Data ◽  
Basel Accords ◽  
Proposed Model ◽  
The Relationship ◽  
The Universe ◽  
Universe Of Discourse

In this work the relationship between the Selic rate and some bank parameters defined by the so-called Basel Accords is studied. The cross-correlation between the Selic rate and the parameters is used to explain how these parameters affect the Selic rate and vice-versa so as to define the predictability of the Selic rate using (some of) these parameters as inputs. A model is then proposed for predicting the Selic rate based on some specific parameters using fuzzy logic ideas, which dealt with a partitioning of the universe of discourse using clusters related to the output data distribution. The proposed model is compared to four other known models in the literature and showed to have better performance in average compared to all other models.

Maintaining Financial Stability in the Banking Sector

2019 ◽  
pp. 30-48
Author(s):  
Meltem Gurunlu
Keyword(s):  
Risk Management ◽  
Management System ◽  
Financial Stability ◽  
Banking Sector ◽  
Banking System ◽  
Capital Adequacy ◽  
Basel Accords ◽  
Risk Management System ◽  
Strategic Approach ◽  
Global World

Maintaining financial stability in the banking sector through a well-functioning risk management system is a strategic approach in today's global world where the risks have become much more diversified than ever. This chapter was undertaken in order to investigate the risk management topic by focusing on the experiences learned from the banking crises up-to-date and implications of the Basel Accords which outlined capital adequacy standards to prevent such crises. With paying special attention to the case of Turkish banking system, main challenges and possible solutions are also discussed.

Applying lessons learnt from deficiencies in the basel accords to Solvency II

2013 ◽  
Vol 6 (2) ◽  
pp. 309-328
Author(s):  
Johann Jacobs ◽  
Gary Van Vuuren
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Banking Sector ◽  
Insurance Industry ◽  
Solvency Ii ◽  
Capital Adequacy ◽  
Considerable Progress ◽  
Eu Legislation ◽  
Basel Accords ◽  
Made In

Solvency II is the new European Union (EU) legislation that will review the capital adequacy regime for the insurance industry. Considerable progress has been made in the banking sector with the implementation of the Basel Accords (Basel). The implementation of Solvency II, therefore, brings with it an opportunity for the insurance industry to assess the successes, weaknesses and shortcomings experienced by the banking sector's implementation of Basel so as to learn from them and ensure that Solvency II's implementation duplicates the successes and avoids the failures of Basel's. This article critically explores weaknesses and failures of Basel which were exacerbated and/or exploited by the financial crisis of 2007-2010 and provides advice on how these might be mitigated or avoided in the implementation of Solvency II.

scholarly journals Financial Technologies of International Banking Regulations

2019 ◽  
Vol 71 ◽  
pp. 02010
Author(s):  
G.S. Panova
Keyword(s):  
Financial Markets ◽  
Banking Regulation ◽  
International Standards ◽  
International Banking ◽  
Advantages And Disadvantages ◽  
Banking Regulations ◽  
Basel Accords ◽  
Global Banking ◽  
Methodological Approaches ◽  
The Impact

The author considers the problems of banking regulation in the context of globalization. An analysis of relevant issues indicates the need to improve financial technologies for banking regulation. Basel innovations, designed to ensure the stability and uninterrupted operation of the global banking system, have led to the creation of counter-innovations by the banking sector. Basel Accords led to the development of the so-called “regulatory rally”, when increasingly sophisticated methods of regulation gave rise to increasingly inventive ways to protect the gains of the banking business. These ways sometimes became an indirect source of rising risks, and were initially taken as effective protection against these risks. The author analyzes the main advantages and disadvantages of the latest Basel Accords on Banking Supervision (Basel III) and identifies specific directions for its improvement, taking into account current practices of national and international approaches to regulating the activities of credit organizations 10 years after the global financial and banking crisis. The importance of the study is determined by the need to develop financial technologies for international banking regulations, as well as theoretical and methodological approaches that determine the interconnectedness and interdependence of financial markets. It is also important to evaluate the effectiveness of measures to regulate the activities of financial and credit institutions at the national and international levels to develop strategies and tactics for the optimal progressive development of financial markets. The purpose of the study is to develop theoretical and methodological approaches to assessing the impact of international standards on activities of Russian credit organizations.

A Decade after Lehman: An Assessment of Key Regulatory Responses to the Global Financial Crisis

2019 ◽  
Vol 16 (4) ◽  
pp. 457-483
Author(s):  
Andreas Kerkemeyer
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Financial System ◽  
Capital Requirements ◽  
Investment Bank ◽  
Over The Counter ◽  
Basel Accords ◽  
Lehman Brothers ◽  
The Global Financial Crisis ◽  
Almost All

In September, 2008, the meltdown of the investment bank Lehman Brothers accelerated the Global Financial Crisis, which affected economies and consumers worldwide. As soon as the Global Financial Crisis broke out, governments and legislators recognized the need for macroprudential reform in order to build a resilient financial system. Today, legislators in every major jurisdiction have finalized almost all major reforms that were envisaged once it had become clear that the crisis was also due to regulatory shortcomings. The reforms especially targeted (over-the-counter) derivatives and the equity base of banks. Following an analysis of the reasons for the Global Financial Crisis and the regulatory failures that contributed to its severity this article will discuss two major legislative responses that intend to make the financial system robust – the establishment of a central dearing obligation for over-the-counter derivatives and the revised Basel Accords on capital requirements for banks.

The Financial Crisis, Basel Accords and Bank Regulations: An Overview

2017 ◽  
Vol 7 (2) ◽  
pp. 225
Author(s):  
Mona A. ElBannan
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Banking Sector ◽  
Capital Requirements ◽  
Capital Adequacy ◽  
Management Tools ◽  
Information Transparency ◽  
Minimum Capital ◽  
Basel Accords ◽  
As Stress

This theoretical study presents the different phases for the evolution of Basel Accords since 1988, and the continual efforts of Basel Committee on banking supervision to set out an effective framework to improve the banking sector governance and performance. In literature, compliance with Basel requirements concerning minimum capital requirements, powerful supervision and effective market discipline through information transparency and disclosure have attracted many researchers to study its impact on bank performance and cost of capital. In spite of the risk-based capital adequacy, regulatory and supervisory requirements set by Basel Accords, the financial crisis 2007, which causes instability and turmoil in the whole banking sector, was induced mainly by weak risk management measures, such as stress testing and other risk management tools that were unable to forecast the losses and the adverse unexpected outcomes and determine the size of capital needed to overcome severe shocks.

scholarly journals The future of international banking regulations in response to the financial crisis of 2007/2009: After Basel III then what next?

2014 ◽  
Vol 4 (2) ◽  
pp. 28-53 ◽  
Author(s):  
Joseph E. Isebor
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Financial Stability ◽  
Basel Iii ◽  
International Banking ◽  
The Great Depression ◽  
Banking Regulations ◽  
Basel Accords ◽  
The Future ◽  
Global Financial System

The financial crisis 2007-2009 will not be forgotten in a hurry because of its impact on the global financial system almost replicating the Great Depression. Major and causal factors contributed to the financial crisis, and this prompted the establishment of Basel III to contain the crisis. Basel III introduced improved capital and liquidity rules, but still could not contain the crisis. This leaves regulators with questions of how to prevent another financial crisis in the future. Evidences suggest that the financial market is evolving because of its complex and changing nature, and so are the international banking regulations (Basel I, Basel II and Basel III) that support the system in terms of maintaining economic and financial stability. It is clear that Basel III will not stop the next financial crisis even though the Basel accords continue to evolve in response to maintaining economic and financial stability, with the core purpose of preventing another financial crisis. Uncertainties lies ahead, and regulators cannot be sure of what will likely cause the next crisis, but indications suggest that the financial markets and international banking regulations in the form of Basel accords will continue to evolve.

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