Banking on Basel: the future of international financial regulation
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Washington, DC
Peterson Inst. for Internat. Economics
2008
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XIII, 310 S. graph. Darst. |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Contents
Preface
ix
Acknowledgments
xiii
1
Introduction
1
Summary of Argument
5
Outline of the Book
7
A Note on Timing
13
2
Role of Capital Regulation
15
Rationale for Capital Regulation
16
Evolving Role of Capital Regulation
29
Conclusion
42
3
Basel I
45
Origins of the Accord
45
Elements of the Accord
54
Assessment of Basel I
64
Conclusion
84
4
Negotiating Basel II
87
Launching the Review Process
87
Curious Release of the First Consultative Paper
93
Shift to an Internal Ratings-Based Approach
104
Process of Continuous Revision
113
Revised Framework
122
Responding to the
Subprime
Crisis
131
Conclusion
135
5
Assessing Basel
II as a
Regulatory Model
139
Do Regulatory Capital Requirements Matter?
141
Potential Benefits of the Advanced Internal Ratings-
Based Model
150
Potential Negative Effects of the Advanced Internal
Ratings-Based Model
177
Conclusion
189
Appendix 5A
191
6
Basel II as an International Arrangement
195
Safety and Soundness
197
Competitive Equality
209
Cooperative Supervision of Multinational Banks
214
Indirect Benefits
222
Conclusion
223
7
Alternatives to Basel II
225
Retaining a Standardized Approach
226
Market Discipline: Mandatory Subordinated Debt
231
Precommitment Approach
246
Establishing an International Supervisory Role
251
Eliminating International Cooperation on Safety
and Soundness
255
Conclusion
256
8
Conclusions and Recommendations
259
Recommendations
262
Implications Beyond Capital Regulation
279
References
285
Index
299
Tables
Table
2.1
US bank capital ratios,
1970-81 32
Table
3.1
The world s
10
largest banks,
1974,1981,
and
1988 47
Table
3.2
Capital ratios of selected large banks,
1981
and
1988 48
Table
3.3
Credit conversion factors for off-balance-sheet
items in Basel I
60
Table
3.4
Capital charges for debt instrument market risks
in the Basel Committee
1993
proposal
62
Table
4.1
External agency ratings and risk weights in
the first consultative paper
95
Table
4.2
Results of second quantitative impact study
change in capital requirements under second
consultative paper proposals
112
Table
5.1
Capital ratios for
10
largest US banks as of
December
31,2003 147
Table 5A.1 Risk-weighted capital (RWC) ratios of
10
largest US banks,
1992-2006 191
Figure
Figure
2.1
Equity as a percent of assets for all insured
commercial banks,
1840-1989 31
Boxes
Box
1.1
Basel Committee on Banking Supervision
2
Box
1.2
Bank for International Settlements
4
Box
3.1
Definition of capital in Basel I
57
Box
3.2
Risk-weight categories in Basel I
58
Box
4.1
Basel Committee proposals in the first
consultative paper
94
Box
4.2
Changes proposed in the second
consultative paper
106
Box
4.3
Key principles of supervisory review
in the second consultative paper
109
Box
4.4
Areas of public disclosure by banks
in the second consultative paper
110
Box
4.5
Proposals issued between the second
and third consultative papers
115
Box
4.6
Basel Committee proposals between the
third consultative paper and the final
revised framework
122
Box
4.7
Outline of revised framework (Basel II)
124
Box
4.8
Proposed changes to Basel II following
the
subprime
crisis
134
Box
6.1
High-level principles for Basel II
implementation
220
|
| adam_txt |
Contents
Preface
ix
Acknowledgments
xiii
1
Introduction
1
Summary of Argument
5
Outline of the Book
7
A Note on Timing
13
2
Role of Capital Regulation
15
Rationale for Capital Regulation
16
Evolving Role of Capital Regulation
29
Conclusion
42
3
Basel I
45
Origins of the Accord
45
Elements of the Accord
54
Assessment of Basel I
64
Conclusion
84
4
Negotiating Basel II
87
Launching the Review Process
87
Curious Release of the First Consultative Paper
93
Shift to an Internal Ratings-Based Approach
104
Process of Continuous Revision
113
Revised Framework
122
Responding to the
Subprime
Crisis
131
Conclusion
135
5
Assessing Basel
II as a
Regulatory Model
139
Do Regulatory Capital Requirements Matter?
141
Potential Benefits of the Advanced Internal Ratings-
Based Model
150
Potential Negative Effects of the Advanced Internal
Ratings-Based Model
177
Conclusion
189
Appendix 5A
191
6
Basel II as an International Arrangement
195
Safety and Soundness
197
Competitive Equality
209
Cooperative Supervision of Multinational Banks
214
Indirect Benefits
222
Conclusion
223
7
Alternatives to Basel II
225
Retaining a Standardized Approach
226
Market Discipline: Mandatory Subordinated Debt
231
Precommitment Approach
246
Establishing an International Supervisory Role
251
Eliminating International Cooperation on Safety
and Soundness
255
Conclusion
256
8
Conclusions and Recommendations
259
Recommendations
262
Implications Beyond Capital Regulation
279
References
285
Index
299
Tables
Table
2.1
US bank capital ratios,
1970-81 32
Table
3.1
The world's
10
largest banks,
1974,1981,
and
1988 47
Table
3.2
Capital ratios of selected large banks,
1981
and
1988 48
Table
3.3
Credit conversion factors for off-balance-sheet
items in Basel I
60
Table
3.4
Capital charges for debt instrument market risks
in the Basel Committee
1993
proposal
62
Table
4.1
External agency ratings and risk weights in
the first consultative paper
95
Table
4.2
Results of second quantitative impact study
change in capital requirements under second
consultative paper proposals
112
Table
5.1
Capital ratios for
10
largest US banks as of
December
31,2003 147
Table 5A.1 Risk-weighted capital (RWC) ratios of
10
largest US banks,
1992-2006 191
Figure
Figure
2.1
Equity as a percent of assets for all insured
commercial banks,
1840-1989 31
Boxes
Box
1.1
Basel Committee on Banking Supervision
2
Box
1.2
Bank for International Settlements
4
Box
3.1
Definition of capital in Basel I
57
Box
3.2
Risk-weight categories in Basel I
58
Box
4.1
Basel Committee proposals in the first
consultative paper
94
Box
4.2
Changes proposed in the second
consultative paper
106
Box
4.3
Key principles of supervisory review
in the second consultative paper
109
Box
4.4
Areas of public disclosure by banks
in the second consultative paper
110
Box
4.5
Proposals issued between the second
and third consultative papers
115
Box
4.6
Basel Committee proposals between the
third consultative paper and the final
revised framework
122
Box
4.7
Outline of revised framework (Basel II)
124
Box
4.8
Proposed changes to Basel II following
the
subprime
crisis
134
Box
6.1
High-level principles for Basel II
implementation
220 |
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| language | English |
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| spelling | Tarullo, Daniel K. 1952- Verfasser (DE-588)170407772 aut Banking on Basel the future of international financial regulation Daniel K. Tarullo Washington, DC Peterson Inst. for Internat. Economics 2008 XIII, 310 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)4679731-2 gnd rswk-swf Banks and banking, International State supervision Banks and banking, International Standards Bank capital Banking law Internationaler Kreditmarkt (DE-588)4120506-6 gnd rswk-swf Bankenaufsicht (DE-588)4004450-6 gnd rswk-swf Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)4679731-2 u Bankenaufsicht (DE-588)4004450-6 s Internationaler Kreditmarkt (DE-588)4120506-6 s DE-604 Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016972672&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tarullo, Daniel K. 1952- Banking on Basel the future of international financial regulation Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)4679731-2 gnd Banks and banking, International State supervision Banks and banking, International Standards Bank capital Banking law Internationaler Kreditmarkt (DE-588)4120506-6 gnd Bankenaufsicht (DE-588)4004450-6 gnd |
| subject_GND | (DE-588)4679731-2 (DE-588)4120506-6 (DE-588)4004450-6 |
| title | Banking on Basel the future of international financial regulation |
| title_auth | Banking on Basel the future of international financial regulation |
| title_exact_search | Banking on Basel the future of international financial regulation |
| title_exact_search_txtP | Banking on Basel the future of international financial regulation |
| title_full | Banking on Basel the future of international financial regulation Daniel K. Tarullo |
| title_fullStr | Banking on Basel the future of international financial regulation Daniel K. Tarullo |
| title_full_unstemmed | Banking on Basel the future of international financial regulation Daniel K. Tarullo |
| title_short | Banking on Basel |
| title_sort | banking on basel the future of international financial regulation |
| title_sub | the future of international financial regulation |
| topic | Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)4679731-2 gnd Banks and banking, International State supervision Banks and banking, International Standards Bank capital Banking law Internationaler Kreditmarkt (DE-588)4120506-6 gnd Bankenaufsicht (DE-588)4004450-6 gnd |
| topic_facet | Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung Banks and banking, International State supervision Banks and banking, International Standards Bank capital Banking law Internationaler Kreditmarkt Bankenaufsicht |
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