Basel III and systemic risk regulation - what way forward? / Co-Pierre Georg
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Discovery
65386874X
URN
urn:nbn:de:gbv:3:2-62904
DOI
ISBN
ISSN
Autorin / Autor
Körperschaft
Erschienen
Jena / Halle : Univ., 2011
Umfang
Online-Ressource (PDF/A-Datei: 25 S., 0,19 MB)
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework with respect to this literature. A number of shortcomings in the current framework are analyzed and three measures for future reform are proposed: counter-cyclical risk-weights, dynamic asset value correlation multipliers, and enhanced transparency requirements for SIFIs.
Schriftenreihe
Global financial markets ; 17 ppn:598208976