New Regulation and the New World of Global Banking
| Autor: | Stephen G. Cecchetti, Dietrich Domanski, Goetz von Peter |
|---|---|
| Rok vydání: | 2011 |
| Předmět: |
040101 forestry
050208 finance 05 social sciences Financial system 04 agricultural and veterinary sciences Regulatory reform Business model Maturity (finance) Basel III Market liquidity Capital (economics) 0502 economics and business Financial crisis 0401 agriculture forestry and fisheries Balance sheet Business General Economics Econometrics and Finance |
| Zdroj: | National Institute Economic Review. 216:R29-R40 |
| ISSN: | 1741-3036 0027-9501 |
| DOI: | 10.1177/0027950111411378 |
| Popis: | Global banks are changing. With a new set of rules come new business models. We review the international dimension of the financial crisis, centring on cross-border losses and cross-currency funding problems that prompted authorities to adopt wide-ranging rescue measures and liquidity operations. Against this background, we proceed to examine the regulatory response, focusing on the Basel III framework and the ongoing work of the Basel Committee and Financial Stability Board regarding the amount of capital banks are required to hold, restrictions on maturity transformation on banks' balance sheets and proposals to mitigate the risks posed by systemically important financial institutions. Our conclusion is that capital and liquidity regulation will have distinctly different effects on the international organisation of banks. Liquidity regulation, especially when applied locally, has the greatest potential to reshape the global banking landscape. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|