Capital adequacy beyond Basel : banking, securities, and insurance / edited by Hal S. Scott.

Format:

Book

Contributor:

Scott, Hal S.

Language:

English

Subjects (All):

Bank reserves--Government policy.

Bank reserves.

Insurance--Reserves--Government policy.

Insurance.

Banks and banking--State supervision.

Banks and banking.

Financial institutions--State supervision.

Financial institutions.

Bank loans.

Insurance--Reserves.

Government policy.

Physical Description:

xiii, 340 pages : illustrations ; 25 cm

Place of Publication:

Oxford ; New York : Oxford University Press, 2005.

Summary:

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.

Contents:

Capital regulation for position risk in banks, securities firms, and insurance companies

Capital adequacy in insurance and reinsurance

Consolidated capital regulation for financial conglomerates

Using a mandatory subordinated debt issuance requirement to set regulatory capital requirements for bank credit risks

No pain, no gain? effecting market discipline via "reverse convertible debentures"

The use of internal models: comparison of the new Basel credit proposals with available internal models for credit risk

Sizing operational risk and the effect of insurance

Enforcement of risk-based capital rules.

Notes:

Includes bibliographical references and index.

ISBN:

0195169719

OCLC:

54529752