Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154495
Authors: 
Dierick, Frank
Pires, Fatima
Scheicher, Martin
Spitzer, Kai Gereon
Year of Publication: 
2005
Series/Report no.: 
ECB Occasional Paper 42
Abstract: 
Following the adoption by the Basel Committee of new capital rules for banks, a process is now taking place in the EU to transpose the rules into Community law and, ultimately, into national legislation. This paper gives an overview of the main issues that relate to the EU implementation, mainly from the perspectives of financial stability and financial integration. Although the EU rules are to a large extent based on the texts of the Basel Committee, modifications have been introduced to account for the specific legal and institutional setting, as well as for some features of the European financial system. The paper gives an overview of these modifications and deals in greater detail with a number of selected topics: the monitoring of procyclicality, the role of the consolidating supervisor and the treatment of real estate lending and covered bonds. The paper concludes with an outlook for the future.
Subjects: 
Banks
Basel II
capital requirements
financial regulation
financial stability
financial supervision
risk management.
JEL: 
G21
G28
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.