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THE IMPACT OF THE BASEL III AGREEMENT ON THE BANKING SYSTEMS

Magdalena Radulescu ()
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Magdalena Radulescu: Faculty of Economics, University of Pitesti, Romania

Scientific Bulletin - Economic Sciences, 2014, vol. 13, issue 1, pages 3-10

Abstract: In the light of the current financial crisis, some deficiencies of the financial supervision system were highlighted. The former Basel II Agreement needed to be reformulated to achieve more stability of the banking systems. The new Basel III launched tight regulation regarding both banking solvency and liquidity and the leverage ratio. These regulations imply more costs for banks. Many bankers didn’t agree because of the decrease of the profitability of banks. Still, even the current crisis wasn’t surpassed yet, the financial authorities have already claimed another improved agreement Basel IV.

Keywords: prudential supervision; banking system; Basel III. (search for similar items in EconPapers)
JEL-codes: E44 E58 G21 G28 (search for similar items in EconPapers)
Date: 2014
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