Gespeichert in:
Titel: | Basel III, the devil and global banking |
---|---|
Von: |
Dimitris N. Chorafas
|
Person: |
Chorafas, Dimitris N.
1926-2014 Verfasser aut |
Hauptverfasser: | |
Format: | Buch |
Sprache: | Englisch |
Veröffentlicht: |
Basingstoke [u.a.]
Palgrave Macmillan
2012
|
Schriftenreihe: | Palgrave Macmillan studies in banking and financial institutions
|
Notation: | PU 1545 QK 950 |
Schlagwörter: | |
Medienzugang: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024462342&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
Umfang: | XI, 287 S. graph. Darst. |
ISBN: | 9780230353770 0230353770 |
Internformat
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Datensatz im Suchindex
DE-BY-UBR_call_number | 31/PU 1545 C551 |
---|---|
DE-BY-UBR_katkey | 4864349 |
DE-BY-UBR_location | UB Lesesaal Recht 2 |
DE-BY-UBR_media_number | 069038825916 |
_version_ | 1835106385079042048 |
adam_text | IMAGE 1
CONTENTS
LIST OF TABLES AND FIGURES VIII
INTRODUCTION } X
PART I THE FINANCIAL CRISIS IS SHAPING REGULATORY
REFORM
1 BASEL III: AN OVERVIEW AND A WARNING 3
A BIRD S EYE VIEW OF BASEL III CAPITAL RULES 3
THE CONCEPT UNDERLYING MODERN REGULATION 6
THE DEVIL IS IN THE DETAIL OF ALL DECISIONS 9
WHAT THE BOOK OFFERS THE READER 13
PART II THE PERPETUAL MOTION OF GLOBAL FINANCE
2 FINANCE AND BANKING ARE TIME AND MOTION MACHINES 19 THE CENTRAL
BANKERS TRILEMMA 19
EFFECTS OF THE NEW ECONOMY ON THE FINANCIAL TIME MACHINE 22
EXPANDING FINANCIAL MARKETS AND THEIR SCAMS 25
NOVEL FINANCIAL INSTRUMENTS AND THEIR CHALLENGES 28
REGULATIONS DO NOT MATCH THE COMPLEXITY OF DERIVATIVES MARKETS 31
DARK POOLS, SPECIAL PURPOSE VEHICLES AND FLASH CRASH 34
THE ACTIVITIES OF LOBBYISTS 37
3 GLOBAL BANKING AND SYSTEMIC RISK 40
GLOBALIZED FINANCE IS NOT A BRANCH OF INTERNATIONAL TRADE 40 GLOBAL
BANKING S CHALLENGES AND THE FINANCIAL STABILITY BOARD 42 CONTAGION FROM
GLOBAL CRISES AND SYSTEMIC RISK 46
REGULATORY ARBITRAGE 49
GAMING TIER 1 CAPITAL SHOULD BE A CRIMINAL OFFENSE UNDER BASEL III 53
BANKS TOO BIG TO BE SAVED SHOULD BE ALLOWED TO FAIL 55
4 BASEL III IS A GRAND COMPROMISE, NOT A BOLD INITIATIVE 60 BASEL HI
SHOULD NOT REPEAT THE ERRORS OF BASEL II 60
CONTINGENT CONVERTIBLE INSTRUMENTS 64
A SNAPSHOT OF NEW REGULATORY RULES IN THE MAKING 67
MANAGEMENT S ACCOUNTABILITY WITH CAPITAL ADEQUACY 70
GAMING BASEL III THROUGH ARBITRAGE AND SPECULATION 73
DTAS: THE JAPANESE SPOKE IN THE WHEEL OF CAPITAL ADEQUACY 76
IMAGE 2
VI CONTENTS
MINORITY INTERESTS, MORTGAGE SERVING, CAPITAL FOR CONTINGENCIES, PENSION
DEFICITS, INTANGIBLE ASSETS AND LEVERAGE RATIOS 79
PART HI BASEL III AND THE NOTION OF GLOBAL RISK 5 IS IT POSSIBLE TO
REGULATE A GLOBAL FINANCIAL MARKET IN PERPETUAL CHANGE? 85
THE NEED FOR A SUPERVISORY AUTHORITY HAS BEEN PRESENT SINCE ANTIQUITY 85
THE REGULATOR S ARSENAL IS NEVER REALLY COMPLETE 87
IS THE BANKING INDUSTRY AHEAD OF THE REGULATOR? 90
WHICH ORGANIZATION AND STRUCTURE FOR EFFECTIVE GLOBAL REGULATION? 92
REDEFINING IMPORTANT PILLAR 2 RISKS 95
THE CONCEPT OF MARKET DISCIPLINE AND THE CDSS CONTRIBUTION 98
THE BOARD S WATCH OVER COMPLIANCE 102
6 CAPITAL ADEQUACY AND LIQUIDITY: THE DEVIL IS IN THEIR DETAIL 105
UNLESS WE LEARN FROM THIS CRISIS, WE SHALL REPEAT THE SAME MISTAKES 105
THE ALL-IMPORTANT TIER 1 CAPITAL 108
CAPITAL BUFFERS FOR COUNTERCYCLICAL EVENTS AND CREDIT BUBBLES 111
ASSURING GREATER LIQUIDITY THAN IS AVAILABLE AT PRESENT: LCR ANDNSFR 114
IT IS TIME TO FACE THE MUSIC: THE BANKS HAVE TO RAISE CASH 117 SOLVENCY,
LIQUIDITY AND THE EFFECTS OF MASSIVE SECURITIZATION 120 7 HOME-HOST
ISSUES HAUNT BANKERS AND REGULATORS 124 HOME-HOST ISSUES DEFINED 124
FINANCIAL GLOBALIZATION IS NO BED OF ROSES 128
ARE THE HOME CRITERIA APPLICABLE TO THE LONG LIST OF HOSTS? 131
HOME-HOST ISSUES ARE AT THE HEART OF FINANCIAL INTEGRATION 136
AFTER-EFFECTS OF INNOVATION, DERIVATIVES TRADES AND DEREGULATION 139
GLOBAL RISK CAPITAL AND HOME-HOST SUPERVISION 141
PART IV RISK MANAGEMENT NEEDS A NEW CULTURE 8 THE CONCEPT OF RISK
MANAGEMENT MUST BE THOROUGHLY REVAMPED 147
PERSONAL ACCOUNTABILITY 147
PRINCIPAL RISKS 150
RISK FACTORS 154
INDEPENDENCE OF OPINION AND TRANSPARENCY 157
EVENT RISK 160
THE LONG TAIL OF RISK DISTRIBUTION 163
STRESS TESTING 167
IMAGE 3
CONTENTS VII
9 CORRELATION RISK OVERWHELMS THE GLOBAL BANKING INDUSTRY 171
THE CORRELATION COEFFICIENT 171
WORKING WITH CORRELATIONS 174
COUNTERPARTY CORRELATION RISK 178
RISK CONCENTRATION AND THE DIVERSIFICATION HYPE 181
DEFAULT CORRELATION 184
CORRELATIONS CHANGE OVER TIME, AND MUST BE REVISED REGULARLY 187
BACKTESTING AND BENCHMARKING CORRELATIONS 191
10 RISK CONTROL REQUIRES AUTHORITY, GOALS AND ORGANIZATION 195 RISK
CONTROL AND THE EFFECT OF ASYMMETRIES 195
RISK CONTROL LESSONS FROM A FAILURE: FANNIE AND FREDDIE 198
ORGANIZATIONAL AND PERSONAL PREREQUISITES FOR EFFECTIVE RISK CONTROL 202
RISK MANAGEMENT IS A METALEVEL OF QUALITY CONTROL 205
THE PHILOSOPHY UNDERPINNING RISK CONTROL LIMITS 209
THE IMPORTANCE OF RIGOROUS ACCOUNTING STANDARDS 213
PART V BASEL III SHOULD ALSO ADDRESS BIG SPENDING BY CENTRAL BANKS
11 BY SALVAGING OVERLEVERAGED BANKS, SOVEREIGNS PROPAGATE GLOBAL
SYSTEMIC RISK 219
COLLUSION BETWEEN SOVEREIGNS AND THE BANKS 219
THE BAIL-INS OF TAXPAYERS AND INVESTORS 222
THE BIGGEST PROBLEM IS THE MASS EFFECT 225
THERE IS NO ALTERNATIVE TO FISCAL DISCIPLINE 228
BIG BANK BAIL-OUTS HAVE BEEN THE RUIN OF SOVEREIGNS 231
FORWARD, BACKWARD AND FORWARD AGAIN IN FINANCIAL REGULATION 234 RISKS
TAKEN ON BY GAMBLERS ACTING LEGALLY INSIDE THE SYSTEM 238 12 WHAT IS THE
POINT OF CENTRAL BANKS INTERVENTIONS? 241 THE INDEPENDENCE OF CENTRAL
BANKS IS A MYTH 241
PERSONALITIES, NOT SCRIPTS, ASSURE CENTRAL BANKS INDEPENDENCE 244
MEASURES BY CENTRAL BANKS HAVE BEEN INEFFECTUAL 246
THE NEGATIVE SYNERGY OF MONETARY POLICIES 249
THE POWER OVER THE ECONOMY: FUNDS RATE, DISCOUNT RATE AND INFLATION 252
DEPOSIT INSURANCE AND BAD BANKS 256
THE TROUBLED ASSETS RELIEF PROGRAM 259
TO SAVE OR NOT TO SAVE FAILED BANKS? 261
CONCLUSION: THE PERFECT STORM 265
EPILOG 267
NOTES 270
INDEX 283
|
any_adam_object | 1 |
author | Chorafas, Dimitris N. 1926-2014 |
author_GND | (DE-588)107941961 |
author_facet | Chorafas, Dimitris N. 1926-2014 |
author_role | aut |
author_sort | Chorafas, Dimitris N. 1926-2014 |
author_variant | d n c dn dnc |
building | Verbundindex |
bvnumber | BV039611722 |
classification_rvk | PU 1545 QK 950 |
ctrlnum | (OCoLC)751748721 (DE-599)BVBBV039611722 |
dewey-full | 332.150218 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.150218 |
dewey-search | 332.150218 |
dewey-sort | 3332.150218 |
dewey-tens | 330 - Economics |
discipline | Rechtswissenschaft Wirtschaftswissenschaften |
format | Book |
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id | DE-604.BV039611722 |
illustrated | Illustrated |
indexdate | 2024-12-20T15:58:30Z |
institution | BVB |
isbn | 9780230353770 0230353770 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-024462342 |
oclc_num | 751748721 |
open_access_boolean | |
owner | DE-188 DE-355 DE-BY-UBR DE-945 DE-473 DE-BY-UBG DE-1049 DE-11 |
owner_facet | DE-188 DE-355 DE-BY-UBR DE-945 DE-473 DE-BY-UBG DE-1049 DE-11 |
physical | XI, 287 S. graph. Darst. |
publishDate | 2012 |
publishDateSearch | 2012 |
publishDateSort | 2012 |
publisher | Palgrave Macmillan |
record_format | marc |
series2 | Palgrave Macmillan studies in banking and financial institutions |
spellingShingle | Chorafas, Dimitris N. 1926-2014 Basel III, the devil and global banking Basle Committee on Banking Supervision Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)7842492-6 gnd Banks and banking, International / Standards Banks and banking, International Internationalisierung (DE-588)4162106-2 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
subject_GND | (DE-588)7842492-6 (DE-588)4162106-2 (DE-588)4029578-3 |
title | Basel III, the devil and global banking |
title_auth | Basel III, the devil and global banking |
title_exact_search | Basel III, the devil and global banking |
title_full | Basel III, the devil and global banking Dimitris N. Chorafas |
title_fullStr | Basel III, the devil and global banking Dimitris N. Chorafas |
title_full_unstemmed | Basel III, the devil and global banking Dimitris N. Chorafas |
title_short | Basel III, the devil and global banking |
title_sort | basel iii the devil and global banking |
topic | Basle Committee on Banking Supervision Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung (DE-588)7842492-6 gnd Banks and banking, International / Standards Banks and banking, International Internationalisierung (DE-588)4162106-2 gnd Kapitalmarkt (DE-588)4029578-3 gnd |
topic_facet | Basle Committee on Banking Supervision Basel Committee on Banking Supervision Basler Eigenkapitalvereinbarung Banks and banking, International / Standards Banks and banking, International Internationalisierung Kapitalmarkt |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024462342&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT chorafasdimitrisn baseliiithedevilandglobalbanking |
Inhaltsverzeichnis
UB Lesesaal Recht 2
Signatur notieren und vor Ort nutzen oder für zwei Wochen ausleihenSignatur: | 31 PU 1545 C551 |
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Exemplar 1 | entleihbar Vorhanden |