IS BASEL II ACCORD TO GUARD AGAINST FINANCIAL SHOCKS?

Journal Title: STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA - Year 2008, Vol 2, Issue 1

Abstract

The world financial market is an extremely complex system that involves many different participants from local banks to the central bank of each nation and the investors. Due to its importance on the global economy and our everyday lives it is vital that it is functioning properly. Internationally, rules are set by the Basel committee, part of the Bank for International Settlements (BIS). Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The objective of Basel II is to modernize the existing capital requirements framework to make it more comprehensive and risk-sensitive, taking account of many modern financial institutions' thorough risk management practices. Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations

Authors and Affiliations

GONDOR Mihaela

Keywords

Related Articles

RÉFLEXION SUR LA FINALITÉ DES SYSTÈMES DE GOUVERNANCE D’ENTREPRISES ET LEUR CONVERGENCE

Cet article porte sur la notion de gouvernance d’entreprise à travers ses contenus et son évolution. Depuis une vision disciplinaire jusque dans sa dimension cognitive nous nous interrogeons sur l’existence (ou non) d’un...

RAŢIONALIZAREA SISTEMULUI INFORMAŢIONAL MANAGERIAL, DIN CADRUL ORGANIZAŢIILOR

În conceperea sau raţionalizarea sistemului informaţional, obiectivele şi cerinţele sale specifice trebuie să reflecte obiectivele fundamentale, derivate, specifice şi individuale ale unei organizaţii. Aceasta implică st...

FISCALITATEA O PROBLEMA CONTROVERSATA

Impozitele constituie cea mai importanta resursa financiara a statului si cea mai veche. In acceptiunea generala, impozitele reprezinta o prelevare la dispozitia statului a unei parti din veniturile sau averea persoanelo...

CONCEPTUL DE AUTONOMIE ÎN CONTEXTUL MECANISMULUI ECONOMIC – FINANCIAR LA NIVELUL AUTORITATILOR PUBLICE LOCALE

Autoritatile publice locale au la baza un mecanism economic-financiar care functioneaza pe principiul autonomiei locale financiare si administrative. Pentru a observa modul de functionare a acestuia, se impune o prezenta...

CONSIDERATIONS UPON THE SELECTION OF CURRENCY HEDGING STRATEGIES – BETWEEN OPORTUNITY AND APPLICABILITY

In conditions of high exchange rate volatility, entities conducting foreign trade transactions are subject to currency risk exposures, which may have a significant impact on financial performance and operating profitabil...

Download PDF file
  • EP ID EP118952
  • DOI -
  • Views 147
  • Downloads 0

How To Cite

GONDOR Mihaela (2008). IS BASEL II ACCORD TO GUARD AGAINST FINANCIAL SHOCKS?. STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2(1), 89-104. https://europub.co.uk./articles/-A-118952