IS BASEL II ACCORD TO GUARD AGAINST FINANCIAL SHOCKS?
Journal Title: STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA - Year 2008, Vol 2, Issue 1
Abstract
The world financial market is an extremely complex system that involves many different participants from local banks to the central bank of each nation and the investors. Due to its importance on the global economy and our everyday lives it is vital that it is functioning properly. Internationally, rules are set by the Basel committee, part of the Bank for International Settlements (BIS). Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The objective of Basel II is to modernize the existing capital requirements framework to make it more comprehensive and risk-sensitive, taking account of many modern financial institutions' thorough risk management practices. Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations
Authors and Affiliations
GONDOR Mihaela
Keywords
Related Articles
- EP ID EP118952
- DOI -
- Views 154
- Downloads 0
THE CONCEPT OF AUTONOMY IN THE CONTEXT OF THE ECONOMIC-FINANCIAL MECHANISM AT THE LOCAL PUBLIC AUTHORITIES LEVEL
POZITIA INVESTITIONALA INTERNATIONALA A ROMÂNIEI – REPERE LA ÎNCEPUTUL MILENIULUI TREI
Pozitia investitionala internationala constituie un instrument financiar cu valente informationale semnificative la nivelul unei tari, pentru fiecare exercitiu bugetar în parte. Prin pozitia investitionala internationala...
CONSIDERATIONS UPON THE SELECTION OF CURRENCY HEDGING STRATEGIES – BETWEEN OPORTUNITY AND APPLICABILITY
In conditions of high exchange rate volatility, entities conducting foreign trade transactions are subject to currency risk exposures, which may have a significant impact on financial performance and operating profitabil...
Taxation a Controversial Issues
Taxes are the most important financial resource of the state and the oldest. The general acceptance, disposal levy taxes is a part of the state income or wealth of individuals or legal to cover public expenditure. Establ...
INFORMATIZAREA ADMINISTRAŢIEI PUBLICE- MOTOR AL DEZVOLTĂRII DURABILE A ORGANIZAŢIILOR
Motivul pentru care informatizarea administratiei publice este cotat ca motor important al prosperităţii viitoare şi una dintre cele mai importante facilităţi constă în faptul că impactul său este puternic , fiind resimţ...