|
|
Repairing the Holes in Basel IIPublished by: TowerGroup Published: Jan. 12, 2009 - 7 Pages Table of Contents
AbstractFinancial regulators have revisited the Basel II Accord with indecent haste to strengthen its resilience in a reactive response to the global financial crisis. Adoption of a robustly reconstituted Basel II by the major financial regulatory jurisdictions as concurrently as possible is an essential step toward global regulatory harmonization of systemic risk management.The timetable for implementation of the changes to Basel II is ambitious for financial institutions and regulators who have to dovetail the changes with the risk management initiatives proposed at the Group of 20 (G-20) meeting in November 2008. With the notable exception of technology to address market liquidity risk, technologies are already available to support the requirements of the supplement to Basel II. Technology vendors must be able to support clear, revised, functional risk models that are durable and robust and include assessment of market liquidity risk through provision of real-time data with an emphasis on low latency. Even revisited, Basel II fails to address the conflict between home and host state regulators, inconsistent application across nations, and the impact of retail credit on financial viability. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||