Basel II versus the global financial crisis

Marin Opritescu and Alina Manta
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Alina Manta: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2009, vol. 1, issue 9, 17-26

Abstract: The implementation of Basel II supposes a series of important challenges both for the credit institutions – the adjustment of the risk management and of the information system, the training of the personnel, the obtainment of the data bases. In this context, expected changes will undoubtedly generate, Analyzing USA crisis, IMF pointed out the importance of regulations for this sector, which practically don’t exist in some cases, especially in the case of innovative banking instruments, such as sub prime, derivatives and others.

Keywords: Basel II; global financial crisis; risk management; banking instruments (search for similar items in EconPapers)
JEL-codes: G01 G21 G24 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:17-26

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