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A Political Economy of Banking SupervisionBasel 1, 2, 3, 3&1/2

A Political Economy of Banking Supervision: Basel 1, 2, 3, 3&1/2 [The Basel Accord is an international standard in banking supervision. It is an agreement between supervisors. Based on it, jurisdictions create regulation. BiS checks compliance of authorities with the standard. Basel I—first international standard in banking supervision appears in 1988, 14 years after Basel committee begins its work. That is a bold step in the right direction, enabling global standardisation of the banking industry. Basel II—announced in 2004. Introducing the three-pillar approach and dealing with the risks Basel I neglected. Besides, it introduced IRB, probably the most devastating idea in the banking regulation. Basel III—2014 and 2017—nicknamed three and a half, an attempt to undo worst part of the Basel II. Unfortunately halfhearted, as reluctance to recognise mistake remains.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Political Economy of Banking SupervisionBasel 1, 2, 3, 3&1/2

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References (2)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
ISBN
978-3-030-48546-7
Pages
79 –90
DOI
10.1007/978-3-030-48547-4_9
Publisher site
See Chapter on Publisher Site

Abstract

[The Basel Accord is an international standard in banking supervision. It is an agreement between supervisors. Based on it, jurisdictions create regulation. BiS checks compliance of authorities with the standard. Basel I—first international standard in banking supervision appears in 1988, 14 years after Basel committee begins its work. That is a bold step in the right direction, enabling global standardisation of the banking industry. Basel II—announced in 2004. Introducing the three-pillar approach and dealing with the risks Basel I neglected. Besides, it introduced IRB, probably the most devastating idea in the banking regulation. Basel III—2014 and 2017—nicknamed three and a half, an attempt to undo worst part of the Basel II. Unfortunately halfhearted, as reluctance to recognise mistake remains.]

Published: Jun 19, 2020

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