BASEL III THE DEVIL AND GLOBAL BANKING CHORAFAS D. Księgarnia

The new capital adequacy rules by the Basel Committee on Banking Supervision, widely known as Basel III, is a set of regulatory standards.

The regulatory activities of the Basel Committee divide into two major epochs: before and after the deep economic and banking crisis of 2007-2011. This crisis has already fundamentally changed the sense of prudential regulation, and the outcome has been Basel III. In this book Chorafas takes a well-rounded look at Basel III's strengths and weaknesses.

Whether Basel III will be a success or a failure, we don't yet know.

What can be argued is that there will be an important long-term impact on the banking industry, and most particularly on big global banks – provided that governments don't alter the Basel III rules, delaying their implementation or canceling them altogether. Governments, however, are playing devil with Basel's higher capital ratios and liquidity requirements, probably because they know the sorry state of financial institutions under their watch.

DIMITRIS N. CHORAFAS has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communications systems, and internal controls since 1961. More than 8,000 banking, industrial and government executives have participated in his seminars in the USA, the UK, Germany, Italy, Asia and Latin America. Dr Chorafas is the author of more than 150 books, all critically well-received, and some of which have been translated into up to sixteen languages.

Table of Contents

PART I: THE PERPETUAL MOTION OF GLOBAL FINANCE
Finance and Banking are Time and Motion Machines
Global Banking and Systemic Risk
Basel III is a Grand Compromise, Not a Bold Initiative

PART II: BASEL III AND THE NOTION OF GLOBAL RISK
Is it Possible to Regulate Financial Markets in Perpetual Change?
Capital Adequacy and Liquidity. The Devil is in the Detail
Home-Host Issues Haunt Bankers and Regulators

PART III: RISK MANAGEMENT NEEDS A NEW CULTURE
The Concept of Risk Management Must be Thoroughly Revamped
Correlation Risk Overwhelms the Global Banking Industry
Risk Control Requires Authority, Goals and Organization

PART IV: BASEL III SHOULD ALSO ADDRESS THE PERPETUAL MOTION FINANCIAL MACHINE OF SOVEREIGNS AND CENTRAL BANKS
By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk
What's the Sense of Central Banks Interventions?

304 pages, Hardcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.