Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation

Financial globalization has shown its dark side in the latest world economic crisis. The critical initial phase of rescuing ailing institutions, and reestablishing the flow of credit, has been surpassed. National and international financial authorities must review the actual regulation and supervisi...

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Autor principal: Sotelsek Salem, Daniel
Lenguaje:Español
Publicado: Facultad de Economía 2014
Acceso en línea:http://www.revistas.unam.mx/index.php/ecu/article/view/45023
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article45023oai
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language Español
description Financial globalization has shown its dark side in the latest world economic crisis. The critical initial phase of rescuing ailing institutions, and reestablishing the flow of credit, has been surpassed. National and international financial authorities must review the actual regulation and supervision that promoted, or at least allowed, excessive risk taking by market agents. The objective of this paper is to present a preliminary, and joint, diagnosis of the current weaknesses of the international banking regulatory and supervisory framework; exploring in depth the evolution of the principles established by the Basel Committee. We analyze the content of rules and regulations; the internal process established by institutions to implement them, and the efficacy of different authorities in guaranteeing their fulfillment; underlining the role of the different agents involved, their incentives, and information hindrances. We include some insights on the additional challenges that emerging markets will face in stabilizing and regulating their financial markets.
author Sotelsek Salem, Daniel
spellingShingle Sotelsek Salem, Daniel
Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
author_facet Sotelsek Salem, Daniel
author_sort Sotelsek Salem, Daniel
title Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
title_short Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
title_full Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
title_fullStr Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
title_full_unstemmed Evolution of the Agreements of Basle: Diagnosis of the Standards of Bank International Regulation
title_sort evolution of the agreements of basle: diagnosis of the standards of bank international regulation
publisher Facultad de Economía
publishDate 2014
url http://www.revistas.unam.mx/index.php/ecu/article/view/45023
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article45023oai
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