Maria DIMITRIU,
CARACOTA Razvan-Constantin,
OPREA Ioana-Aurelia and
SCRIECIU Marian-Albert Additional contact information Maria DIMITRIU: The Bucharest Academy of Economic Studies, Romania
CARACOTA Razvan-Constantin: The Bucharest Academy of Economic Studies, Romania
OPREA Ioana-Aurelia: The Bucharest Academy of Economic Studies, Romania
SCRIECIU Marian-Albert: The Bucharest Academy of Economic Studies, Romania
Abstract:
As volatility has become the dominant environment in which banks operate, they were put in a position to meet new challenges and to face greater risks, reason for the Supervisory Institutions to develop complex models for credit risk management. On the other hand the financial crisis has shown that Basel II has several shortcomings and must be upgraded so the Basel Committee on Banking Supervision (BCBS) proposed in the end of 2009 Basel III, a comprehensive strategy for regulation, supervision and risk management of internationally-active banks.