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Emerging Issues in Banking Regulation

Sunil Sharma (), Ralph Chami () and Mohsin Khan ()

No 03/101, IMF Working Papers from International Monetary Fund

Abstract: The paper provides an overview of the profound and rapid changes in banking brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in place the three pillars-capital adequacy rules, supervision, and market discipline-of the bank regulatory framework envisioned by the New Basel Accord (Basel II). It argues that, especially for developing countries, finding the right balance between regulation, supervision, and market discipline is likely to be difficult. Considerable technical expertise as well as political discipline-which can be viewed as a fourth pillar-will be required to implement Basel II.

Keywords: Banking; Bank regulations; regulation, Basel standards, deposit insurance, bank capital, financial intermediaries, financial institutions, Financial Institutions and Services: Government Policy and Regulation, Financial Institutions and Services, (search for similar items in EconPapers)
Date: 2003-05-01
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