La crisi finanziaria ? un test per Basilea II?

Renzo G. Avesani

ECONOMIA E POLITICA INDUSTRIALE, 2009, vol. 36, issue 4, 23-35

Abstract: Is the financial crisis a test for Basel II? - In the last few months the debate about the Basel II framework has been intensified by the extent of the current financial crisis. The main discussion focused also on the impact of the new capital regulation over the business cycle fluctuations. Some market players fear that the new framework may be pro-cyclical as it is based on risk sensitive principles. Indeed the Basel II Committee is working on reforming part of the existent regulation. But, at the same time, the soundness of the main body of the framework has been confirmed by the supervisors. Anyway it is unreasonable to think that an extensive regulation concerning capital requirements is enough to prevent any excess of the financial market. In fact, the best lesson we may learn from the present crisis is that only a sound and cautious corporate governance leads to a responsible balance between financial profits and underlying risks. A brief description of the crises on the Italian market is also presented. The traditionally conservative lending practice of the Italian banking system seems to have shielded, in part, this economy from the crisis.

Keywords: Banking; financial crisis; Basel II; risk management (search for similar items in EconPapers)
JEL-codes: G01 G21 G32 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 937&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:polipo:v:html10.3280/poli2009-004003

Ordering information: This journal article can be ordered from
http://www.francoang ... io.aspx?IDRivista=13

Access Statistics for this article

ECONOMIA E POLITICA INDUSTRIALE is currently edited by FrancoAngeli

More articles in ECONOMIA E POLITICA INDUSTRIALE from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().