A More Resilient Financial System but... Basel III and the FSB

• Autores: Enrique Pérez Hernández
• Localización: Aestimatio: The IEB International Journal of Finance, ISSN 2173-0164, Nº. 1, 2010, págs. 182-205
• Idioma: inglés
• DOI: 10.5605/001
• Enlaces
  • Texto completo (pdf)
• Resumen

  • At the request of the recent G20 Summits held in the last two years in Washington, London, Pittsburgh and Seoul, different international organizations, such as the IMF, BIS, WB, ECB, WTO, FSB, etc... have engaged to collaborate in the preparation of a new regulatory frame for a sounder global financial system; in particular the BCBS (Basel Committee on Banking Supervision) at BIS (Bank of International Settlements) and the FSB (Financial Stability Board) have reached agreements or will presumably do so in the near future in crucial issues such capital requirements, liquidity, leverage, systemic risk, etc.

    This paper tries to summarize the new regulatory standards, how they will be phased so that banks can meet the new requirements without impairing the economic recovery and our assessment on its macro and micro implications at the financial systems and real economies.

• Referencias bibliográficas
  • Caruana, J. (2010a). Re-establishing the resilience of the financial sector: aspects of risk management and supervision, General Manager Speech,...
  • Caruana, J. (2010b). Macroprudential policy: Could it have been different this time?, General Manager Speech, 19 October 2010, BIS.
  • BCBS (2010a). The Basel’Commiittee response to the financial crisis, Report to the G20, 19 October 2010.
  • BCBS (2010b). Strengthening the resilience of the banking sector, Consultative Document, 16 April 2010.
  • Trichet, J. C., (2010). ECB: November 2010 Speech.
  • GHOS (2010). Group of Governors and Head of Supervision announces higher global minimum capital standards, press release, 12 September 2010.
  • Cecchetti, S. (2010). Financial reform: a progress report, November 2010, BIS.
  • Wellinck, N. (2010). A new regulatory landscape, 10 September 2010 speech, BIS.
  • FSB (2010a). Letter to G20 leaders on progress of financial regulatory reform, 12 November 2010.
  • FSB (2010b). FSB issues to reduce reliance on CRA credit ratings, 27 October 2010 paper.
  • FSB (2010c). Report on improving OTC derivative markets, 25 October 2010.