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Possible Unintended Consequences of Basel III and Solvency II

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  • International Monetary Fund
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    Abstract

    In today''s financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should improve the stability of these connections, but could have unintended consequences for cost of capital, funding patterns, interconnectedness, and risk migration.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25149
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/187.

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    Length: 70
    Date of creation: 01 Aug 2011
    Date of revision:
    Handle: RePEc:imf:imfwpa:11/187

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    Keywords: Bank supervision; Banks; Basel Core Principles; Financial institutions; Insurance supervision; cost of capital; capital requirements; credit risk; market risk; underwriting; capital requirement; reinsurance; securitization; arbitrage; capital markets; policyholders; risk-weighted assets; accounting standards; subsidiaries; insurance policies; equity capital; life insurers; risk profile; moral hazard; insurance companies; hedging; capital adequacy; equity investment; minimum capital requirement; insurance products; insurance supervisors; risk management; insurance premiums; risk mitigation; equity investments; risk transfer; risk profiles; financial reporting; insurance contracts; life insurance; supervisory authorities; capital ratio; capital standards; insurance benefits; capital base; interest rate swaps; capital position; insurance obligations; accounting rules; financial systems; securities firms; risk of loss; capital market; risk capital; economic risks; pension funds; risk measure; stock repurchases; risk diversification; forward markets; solvency requirements; legal framework; deposit insurance; liquidity crisis; capital adequacy ratios; stock exchange; price risk; convertible bonds; consumer protection; bond issuance; performance bonds; insurance activities; liquidity risk management; reinsurance contracts; credit risks; equity participation; capital needs; capital market instruments; banking systems; insurance risk; capital investments; securities trading; insurance industry; capital risk; insurance coverage; risk taking; investment products; risk sharing; catastrophes; mortgage insurance; credit insurance; beneficiaries; reinvestment risk;

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    1. Imola Drigă, 2007. "The New Basel Capital Accord - an International Convergence of Capital Measurements and Capital Standards in Banking," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 7, pages 129-132.
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