Jump to ContentJump to Main Navigation
Global Governance of Financial Systems$
Users without a subscription are not able to see the full content.

Kern Alexander, Rahul Dhumale, and John Eatwell

Print publication date: 2005

Print ISBN-13: 9780195166989

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195166989.001.0001

Reforming the Basel Accord and the Use of Subordinated Debt

Making Markets Work for the Regulator

Chapter:
(p.227)  9 Reforming the Basel Accord and the Use of Subordinated Debt
Source:
Global Governance of Financial Systems
Author(s):

Kern Alexander (Contributor Webpage)

Rahul Dhumale

John Eatwell (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195166989.003.0011

This chapter argues that the implementation of subordinated debt and of Basel II could be significant moves toward the goal of enhancing the effectiveness of market discipline. Both proposals would allow for a more accurate pricing risk and an increase in transparency by making more information readily available, and both would also make risk takers more accountable for their activities. The chapter begins by looking at the Basel II and subordinated debt proposals. It then turns to some of the difficulties that have been raised with their implementation, especially on a technical level. The chapter concludes by discussing some of the competitive and coordination issues that underlie many incentive-based approaches to financial regulation.

Keywords:   Basel II, market discipline, financial regulation, pricing risk, debt proposals

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.