Theoretical and Applied Economics
No. 6 / 2012 (571)
Impact and Limitations Deriving from Basel II within the Context of the Current Financial Crisis
Bucharest Academy of Economic Studies
Abstract. The Banking sector risk management framework, geared towards maintaining a solid capital adequacy level, has witnessed a permanent evolution, determined by the global economic and financial reality.
Basel II has brought an improvement of the risk management framework by adding minimum capital levels corresponding to market and operational risk and by the introduction of internal rating models. However the current crisis has brought forward some adverse effects as well as limitations.
This paper analyses the evolution of prudential rules and regulations introduced by Basel II and their impact on the banking system together with outlining certain limitations.
Contents
Basel III – Between Global Thinking and Local Acting
Recovery of the Tourism Potential of the Central Development Region. Case Study
Fiscal, Monetary Policies and Institutions’ Role (Political, Social and Economic) in Pakistan
Outsourcing. The Concept
The Analysis of the Ethnical Discrimination on the Manpower’s Market under the Economical Crisis
The Local Development Initiatives in the Rural Development Context
Post-crisis Economy of the European Union in the Global Context
New Approaches to Social Economy
The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period
Impact and Limitations Deriving from Basel II within the Context of the Current Financial Crisis
Models of the Economic Growth and their Relevance
The Limit between the Rational and Irrational Behaviour in the Economic Science
The Bureaucracy in the Current Economic Climate
Analysis of the American Economic System – from the Old Capitalism to the New Capitalism
The Economics of State Aid Control in the European Union during the Financial Crisis: the Challenge for a Post-Crisis Rhetoric