Basel II: Regulatory Gaps, Pro-Cyclicality and Bank Credit Levels to Developing Countries

Stephany Griffith-Jones

Chapter 7 in The Basel Capital Accords in Developing Countries, 2010, pp 141-155 from Palgrave Macmillan

Abstract: Abstract As is well known, both Basel I and Basel II were designed by regulators from developed economies to meet the main perceived regulatory challenges they and their largest banks faced. Basel II contains a number of positive features, particularly in the standardised approach. From the perspective of developing countries, for example, the removal of the OECD/non-OECD distinction and the reduction of the excessive incentive toward short-term lending are positive. More generally, Basel II attempts to better align regulatory capital to risk, which — if well done — could help accomplish a desirable objective.

Keywords: Systemic Risk; Hedge Fund; Private Equity; Global Financial Crisis; Capital Requirement (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27609-3_7

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DOI: 10.1057/9780230276093_7

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