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Basel III – Between Global Thinking and Local Acting

Author

Listed:
  • Vasile DEDU

    (Bucharest Academy of Economic Studies)

  • Dan Costin NIȚESCU

    (Bucharest Academy of Economic Studies)

Abstract

The financial crisis has demonstrated that self-regulation is not sufficient to markets and financial institutions with systemic importance. Permissive regulatory policies, allowing the development speed of global banking financial system, have played an important role in emphasizing the upward slope of the financial crisis. The new regulations known as Basel III framework aimed the strengthening of prudential capital and liquidity of financial institutions and create a stronger banking and financial system more resilient to shocks. Basel III is trying to eliminate the shortcomings of Basel II, by more extensive rules on integrated risk management in banking and financial environment.

Suggested Citation

  • Vasile DEDU & Dan Costin NIȚESCU, 2012. "Basel III – Between Global Thinking and Local Acting," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(6(571)), pages 5-12, June.
    • Handle: RePEc:agr:journl:v:6(571):y:2012:i:6(571):p:5-12
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    Cited by:

    1. Damilola Oyetade & Adefemi A. Obalade & Paul-Francois Muzindutsi, 2023. "Basel IV capital requirements and the performance of commercial banks in Africa," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(1), pages 1-14, March.
    2. Adina APATACHIOAE, 2013. "The New Basel Iii Regulations On Liquidity And Its Possible Effects," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 4(4), pages 136-147, December.

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