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Capital adequacy and risk management - premises for strengthening financial system stability

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  • Bunea-Bontaş, Cristina Aurora
  • Lăzărică, Marinela
  • Petre, Mihaela Cosmina

Abstract

In the last decades, we have witnessed the progressive integration of European financial system, as a result of the cumulative effect of markets' liberalization, innovation and globalisation, and of harmonization of the regulations and implementation of financial reforms by the EU Member States. In this context, increased risk of financial instability necessarily requires the development of standards and codes of best practices in order to improve financial system integrity and stability, and to insure the health of the global banking and financial markets. From this perspective, the Basel II Accord represents a true revolution, aiming the improvement of the consistency of capital regulations internationally and better operational risk management practices. As a member of the EU, Romania is currently through the stages of implementation of Basel II, starting 1st of January 2008. As a central bank, NBR main objectives are: to adapt national legislation; to coordinate the efforts of credit institutions to develop new strategies regarding solvency, capital adequacy and measurement system for each risk category; to impose the disclosure requirements for financial reports and to adapt the IT system.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18132.

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Date of creation: 30 Jun 2009
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Handle: RePEc:pra:mprapa:18132

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Keywords: Basel II Accord; capital adequacy; financial system stability; minimum capital requirements; risk management; risk-weighted assets;

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  1. Andreas Jobst, 2007. "Consistent Quantitative Operational Risk Measurement and Regulation," IMF Working Papers 07/254, International Monetary Fund.
  2. Teodora Barbu & Georgeta Vintila, 2007. "The Consolidation on Banking Supervision in the Context of a Pan European Banking System," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 3(3(508)), pages 53-60, March.
  3. Miru, Oana Maria & Hetes-Gavra, Roxana & Nicolescu, Ana Cristina, 2008. "Applying Basel II Requirements in Romania," MPRA Paper 12613, University Library of Munich, Germany.
  4. Bogdan Firtescu, 2007. "Actual stage of development for basel ii and effects on romanian financial system soundness," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 54, pages 83-88, November.
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