Basel III ans Systemic Risk Regulation - What Way Forward?

Co-Pierre Georg ()

No 17-2011, Global Financial Markets Working Paper Series from Friedrich-Schiller-University Jena

Abstract: One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework with respect to this literature. A number of shortcomings in the current framework are analyzed and three measures for future reform are proposed: counter-cyclical risk-weights, dynamic asset value correlation multipliers, and enhanced transparency requirements for SIFIs.

Keywords: systemic risk; SIFIs; regulation (search for similar items in EconPapers)
JEL-codes: C63 E52 E58 G01 G21 (search for similar items in EconPapers)
Date: 2011-01-27
New Economics Papers: this item is included in nep-ban, nep-reg and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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