Capital Adequacy beyond Basel
Banking, Securities, and Insurance
Published on 3. March 2005
Book
Hardback
354 pages
978-0-19-516971-3 (ISBN)
Description
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.
Reviews / Votes
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 *More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Illustrations
numerous line figures
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 24 mm
Weight
699 gr
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 Classification
Other editions
Additional editions
E-Book
02/2005
1st Edition
OUP eBook
€60.99
Available for download
E-Book
02/2005
1st Edition
OUP eBook
€55.49
Available for download
Person
Edited by Hal S. Scott, Professor and Director of the Program on International Financial Systems, Harvard Law School
Content
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
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