Theoretical and Applied Economics
No. 9 / 2010 (550)
Towards a New Basel Accord with More Rigorous Settlements
Technical University, Cluj-Napoca
Daniela COSMA
University of Oradea
Abstract. The recent financial crisis made the banking sector more vulnerable to shocks. The system was characterised by weaknesses: too much leverage in the banking; not enough high quality capital to absorb losses and excessive credit growth based on underwriting standards and under pricing of liquidity. This article is about a new accord Basel III and the view of this framework. Basel III will be finalized before November 2010, and will be implemented by the end of 2012. Basel III is going to be implemented in the United States. All G–20 countries should adopt progressively this capital framework. The Basel Committee on Banking Supervision and national authorities should develop and agree a global framework for promoting a stronger liquidity in financial institutions. The reform program is to raise the resilience of the banking sector through promoting more sustainable growth, both in the near term and over the long therm. The initiatives of Basel Committee will develop a set of reforms based on four steps: public consultation, impact assessment, overall calibration and macroeconomic impact assessment over the transition period.
Contents
Integral Analysis as System of Measurement and Management of Intellectual Capitals in Companies
State versus Market. Some arguments to surpass the “mirror approach”
Evaluation of Unacademic Behaviour and its Implications on Economic and Social Development
International Double Taxation Avoidance (Domestic Legal Regulations and Fiscal Conventions Concluded by Romania)
Towards a New Basel Accord with More Rigorous Settlements
Consumer Rights in Digital Economy. Case Study of Romanian e-commerce Usage
The Public Pension System of Romania between Crisis and Reforms. The Case of Special Pensions System
Building a Scoring Model for Small and Medium Enterprises