Capital Adequacy Beyond Basel: Banking, Securities, and Insurance

Front Cover
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
0 Reviews
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.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
3
1 Capital Regulation for Position Risk in Banks Securities Firms and Insurance Companies
15
2 Capital Adequacy in Insurance and Reinsurance
87
3 Consolidated Capital Regulation for Financial Conglomerates
123
4 Using a Mandatory Subordinated Debt Issuance Requirement to Set Regulatory Capital Requirements for Bank Credit Risks
146
5 No Pain No Gain? Effecting Market Discipline via Reverse Convertible Debentures
171
Comparison of the New Basel Credit Proposals with Available Internal Models for Credit Risk
197
Implications for the Basel II Capital Accord
258
8 Enforcement of RiskBased Capital Rules
284
Index
331
Copyright

Other editions - View all

Common terms and phrases

About the author (2005)

Hal S. Scott is at Harvard Law School.

Bibliographic information