Subject: Economics and Finance Book Title: Capital Adequacy beyond Basel
Capital Adequacy beyond Basel
Banking, Securities, and Insurance
Scott, Hal S.
(Editor), Professor and Director of the Program on International Financial Systems, Harvard Law School
Print publication date: 2005
Published to Oxford Scholarship Online: January 2007
Print ISBN-13: 978-0-19-516971-3
doi:10.1093/acprof:oso/9780195169713.001.0001
Abstract:
This book is timely since the Basel Committee on Banking Supervision at the Bank for International Settlements is in the process of making major revisions in the capital rules for banks. It is important that capital adequacy regulation helps to achieve financial stability in the most efficient way. Capital adequacy rules have become a key tool to protect financial institutions. The research contained within the book covers some key issues at stake in the capital requirements for insurance and securities firms. The contributors are among the leading scholars in financial economics and law. Their contributions analyze the use of subordinated debt, internal models, and rating agencies in addition to examining the effect on capital of reinsurance, securitization, credit derivatives, and similar instruments.