Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/163440
Authors: 
Karacadag, Cem
Taylor, Michael W.
Year of Publication: 
2000
Series/Report no.: 
SUERF Studies 8
Abstract: 
This paper considers the implementation challenges facing the Basel Committee's new proposals on bank capital standards. When compared with the existing Capital Accord, the proposals represent a shift across two intersecting dimensions-regulatory versus economic capital, and rules-based versus process-oriented regulation. On minimum capital standards, the case for using external ratings may be stronger than has been recognized, given the divergences in the purpose and design of internal ratings. On supervisory review, ensuring comparability among supervisors and building supervisory capacity will present serious challenges. On enhancing market discipline, incentives for markets to exercise discipline will be required.
Subjects: 
Capital regulation
Bank capital
Rating agencies
Prudential supervision
JEL: 
G21
ISBN: 
978-3-902109-00-2
Document Type: 
Research Report

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