Capital Adequacy Beyond Basel: Banking, Securities, and Insurance
Hal S. Scott, Professor and Director of the Program on International Financial Systems Hal S Scott
Oxford University Press, USA, 2005 - Business & Economics - 340 pages
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.
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1 Capital Regulation for Position Risk in Banks Securities Firms and Insurance Companies
2 Capital Adequacy in Insurance and Reinsurance
3 Consolidated Capital Regulation for Financial Conglomerates
4 Using a Mandatory Subordinated Debt Issuance Requirement to Set Regulatory Capital Requirements for Bank Credit Risks
5 No Pain No Gain? Effecting Market Discipline via Reverse Convertible Debentures
Other editions - View all
affiliates asset value Available bank’s Basel Accord Basel Capital Accord Basel Committee Basel II BCBS bonds broker-dealer capital adequacy capital charge capital ratio capital regulation capital rules capital standards consolidated capital corporate correlations costs credit risk CreditMetrics deposit insurance derivatives distribution economic capital enforcement actions example exposure FDIC Federal Reserve financial conglomerates financial institutions Financial Services firm’s assets funding guarantees holding company implied volatilities incentives insolvency insurance companies internal models approach investment investors IRB approach issue Journal liabilities loan loss market discipline market risk market value maturity NAIC nonfinancial risk NYSE obligors operational risk option portfolio position risk probability of default problem regulatory capital regulatory capital requirements reinsurers reported risk factors risk management risk weight risk-based capital securities firms shareholders solvency standardized approach subordinated debt subsidiaries supervisors systemic risk Table Tier 1 capital trading trigger U.S. banks volatility