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Non-G-10 Countries and the Basle Capital Rules: How Tough a Challenge is it to Join the Basle Club?

Author

Listed:
  • Ms. Claudia H Dziobek
  • Ms. María Nieto
  • Mr. Olivier M Frecaut

Abstract

The 1988 Basle Capital Accord has introduced the norm of a risk-based capital ratio of 8 percent. It was negotiated among the G-10 countries to strengthen their international banks’ capital base while simultaneously levelling the playing field for competition. Since 1988, a large number of non-G-10 countries, although not members of the “Basle Club,” have introduced similar risk-based capital ratios, hoping to achieve similar effects in terms of enhanced safety and competition in their banking markets. This paper explains why the endeavor failed in most cases and discusses what the required conditions would be for effective implementation of the Basle rules beyond the G-10 countries.

Suggested Citation

  • Ms. Claudia H Dziobek & Ms. María Nieto & Mr. Olivier M Frecaut, 1995. "Non-G-10 Countries and the Basle Capital Rules: How Tough a Challenge is it to Join the Basle Club?," IMF Policy Discussion Papers 1995/005, International Monetary Fund.
    • Handle: RePEc:imf:imfpdp:1995/005
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    Citations

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    Cited by:

    1. Harald A. Benink & Reinhard H. Schmidt, 2000. "Das European Shadow Financial Regulatory Committee: Ein Beitrag zur Regulierungskultur in Europa," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(3), pages 319-335, August.
    2. Inwon Song, 1998. "Korean banks' responses to the strengthening of capital adequacy requirements," Pacific Basin Working Paper Series 98-01, Federal Reserve Bank of San Francisco.
    3. Benink, Harald A. & Schmidt, Reinhard H., 2004. "Europe's single market for financial services: views by the European Shadow Financial Regulatory Committee," Journal of Financial Stability, Elsevier, vol. 1(2), pages 157-198, December.

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