IDEAS home Printed from https://ideas.repec.org/p/csg/ajrcau/326.html
   My bibliography  Save this paper

The Basel Process and Regional Harmonisation in Asia

Author

Listed:
  • Shinichi Yoshikuni

Abstract

This paper examines the move toward greater harmonisation in banking supervision in Asia. Central banks in the Asia Pacific region have strengthened their cooperation through various channels. Equally important, international institutions including the Bank for International Settlements have responded to such trends by becoming more involved in regional forums and better accommodating the needs of regional economies. It discusses globalisation and regionalisation and concludes that they are not mutually exclusive concepts; instead they are complementary, as society can exploit the opportunities brought by the free economy while at the same time instilling prudence in the economy and the financial system. The so-called Basel Process is a key element of the global financial system. The influence of market participants has rendered the Basel Process more transparent and market oriented. On the other hand, rapid financial innovation has necessitated the cooperation of various Basel-based committees under the umbrella of the Financial Stability Forum. The paper points out that regional harmonisation can be achieved through the Basel Process and concludes that cooperation should be pursued in both crisis management and crisis prevention, emphasising role of central banks in the latter.

Suggested Citation

  • Shinichi Yoshikuni, 2002. "The Basel Process and Regional Harmonisation in Asia," Asia Pacific Economic Papers 326, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
  • Handle: RePEc:csg:ajrcau:326
    as

    Download full text from publisher

    File URL: https://crawford.anu.edu.au/pdf/pep/pep-326.pdf
    Download Restriction: no

    More about this item

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:csg:ajrcau:326. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Akira Kinefuchi). General contact details of provider: http://edirc.repec.org/data/ajrccau.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.