This book is timely since the Basel Committee on Banking Supervision at the Bank for International Settlements is in the process of making major changes 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.
Rezensionen / Stimmen
This book, by lawyers, economists, and experienced financial specialists, evaluates various aspects of risk management and the associated needs of banks, securities firms, and insurance companies for capital...this is a useful source for anyone concerned with the evolution and well-being of the world financial system. * Foreign Affairs *
Sprache
Verlagsort
Zielgruppe
Produkt-Hinweis
Fadenheftung
Gewebe-Einband
Illustrationen
Maße
Höhe: 247 mm
Breite: 161 mm
Dicke: 27 mm
Gewicht
ISBN-13
978-0-19-516971-3 (9780195169713)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Edited by Hal S. Scott, Professor and Director of the Program on International Financial Systems, Harvard Law School
Herausgeber*in
Professor and Director of the Program on International Financial SystemsProfessor and Director of the Program on International Financial Systems, Harvard Law School
Introduction
1: Richard Herring and Til Schuermann: Capital Regulation for Position Risk in Banks, Securities Firms, and Insurance Companies
2: Schott E. Harrington: Capital Adequacy in Insurance and Reinsurance
3: Howell E. Jackson: Consolidated Capital Regulation for Financial Conglomerates
4: Paul Kupiec: Using a Mandatory Subordinated Debt Issuance Requirement to Set Regulatory Capital Requirements for Bank Credit Risks
5: Mark J. Flannerty: No Pain, No Gain? Effecting Market Discipline via "Reverse Convertible Debentures"
6: Michel Crouhy, Dan Galai, and Robert Mark: The Use of Internal Models: Comparison of the New Basel Credit Proposals with Available Internal Models for Credit Risk
7: Andrew P. Kuritzkes and Hal S. Scott: Sizing Operational Risk and the Effect of Insurance: Implications for the Basel II Capital Accord
8: Philip A. Wellons: Enforcement of Risk-Based Capital Rules
Index
