Basel III and systemic risk regulation - what way forward? / Co-Pierre Georg
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Basel III and systemic risk regulation - what way forward?
Discovery
65386874X
URN
urn:nbn:de:gbv:3:2-62904
DOI
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Skalierung
Author
dc.contributor.contributor
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Publication history
Jena / Halle : Univ., 2011
Content
Online-Ressource (PDF/A-Datei: 25 S., 0,19 MB)
Edition
Language
eng
Comment
Abstract
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.
Series
Global financial markets ; 17 ppn:598208976