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The Role of the Basle Standards in International Banking Supervision

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  • Kern Alexander

Abstract

This paper analyses the emerging international supervisory regime for banking institutions that operate on a transnational basis. It focuses on the basle framework as an institutional regime of norms and principles that govern international financial relations amongst the g10 countries. This paper argues that the basle committee on banking supervision has played a significant role in developing principles of sound regulatory practice for national supervisors to adopt in their jurisdictions. The increasing deregulation and liberalisation of international financial markets necessitates effective international minimum standards of supervisory practice to regulate the international activities of banking institutions. This paper further suggests that the increasing complexity of international financial markets and the need to reduce systemic risk require a global supervisor to coordinate the regulatory activities of national authorities. Indeed, a global supervisor should take the lead in providing information and expertise for national authorities and should, in some cases, take more proactive measures to ensure compliance with international norms.

Suggested Citation

  • Kern Alexander, 2000. "The Role of the Basle Standards in International Banking Supervision," Working Papers wp153, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp153
    Note: PRO-1
    as

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    References listed on IDEAS

    as
    1. Kapstein, Ethan B., 1989. "Resolving the regulator's dilemma: international coordination of banking regulations," International Organization, Cambridge University Press, vol. 43(2), pages 323-347, April.
    2. Cillian Ryan, 1990. "Trade Liberalisation and Financial Services," NBER Chapters, in: New Issues in the Uruguay Round, pages 349-366, National Bureau of Economic Research, Inc.
    3. Fukuda, Shin-ichi & Hoshi, Takeo & Ito, Takatoshi & Rose, Andrew, 2006. "International Finance," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 455-458, December.
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    More about this item

    Keywords

    international banking law; international financial markets; international economic order; banks; international policy coordination and transmission.;
    All these keywords.

    JEL classification:

    • K29 - Law and Economics - - Regulation and Business Law - - - Other
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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