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Some Considerations Regarding the Implementation of Basel III

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  • Mihai Dorel Vlad

Abstract

Basel III represents a basic revision of the banking industry regulatory and supervisory framework for the future, the objective being the stability consolidation of the financial system. The objective of this article is to analyze the impact of the Basel III implementation upon the banking system at the European level, and respectively, upon the banking system of Romania. Basel III standards have been elaborated as a response of the 2008 financial crisis and are considered as vital for the assurance of financial institution capitalization against future financial shocks. The new standards have as an object the improvement of risk management, increased requirements of transparency and publication of credit institutions, as well as solving the banks problems of systemical importance. The measures that the credit institutions could adopt in order to mitigate the impact of alignment to the new standards are adjusting the business model and restructuring bank balance sheets.

Suggested Citation

  • Mihai Dorel Vlad, 2016. "Some Considerations Regarding the Implementation of Basel III," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(3), pages 96-103, September.
    • Handle: RePEc:khe:scajes:v:2:y:2016:i:3:p:96-103
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    References listed on IDEAS

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    1. Wong, Alfred Y-T. & Fong, Tom Pak Wing, 2011. "Analysing interconnectivity among economies," Emerging Markets Review, Elsevier, vol. 12(4), pages 432-442.
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    More about this item

    Keywords

    Financial security; financial crisis; the banking system; Basel Committee on Banking Supervision; prudential requirements; risk management;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General

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