The Basel Capital Requirements: a First Step Towards Global Regulation

Andrew Crockett
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Andrew Crockett: Yale Universities

Chapter 12 in Financial Intermediation in the 21st Century, 2001, pp 123-127 from Palgrave Macmillan

Abstract: Abstract When they were first introduced in 1988, the Basel Capital Requirements were a major step forward in at least two respects. First, and substantively, they were basis for strengthening the international banking system by raising the amounts of capital banks were required to hold. In so doing they contributed to a more level playing field for internationally active banks. Second, and procedurally, they represented the first time that national regulators had agreed on the application of a set of international minimum standards for bank supervision — a first step towards global regulation.

Keywords: Core Principle; Market Discipline; Active Bank; Basel Committee; Risk Weight (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29412-7_12

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DOI: 10.1057/9780230294127_12

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