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Küresel Kriz Dersleri Işığında Aracı Kurumlarda Finansal Dayanıklılığı Artıran Düzenlemelerin Gözden Geçirilmesi
[Review the Regulations of Financial Strength in Securities Firms in the Light of Global Crisis Lessons]

Author

Listed:
  • Coskun, Yener

Abstract

However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using minumum risk management standards defined by the regulations. As observation, we may also argue that small firms can’t use sophisticated technics. Secondly, regulatory capital and financial risks defined by the regulations are essentially based on basel i standards. In this study, we argue that these deficiencies would be the reasons of inherent weaknesses in the industry’s risk management framework.

Suggested Citation

  • Coskun, Yener, 2010. "Küresel Kriz Dersleri Işığında Aracı Kurumlarda Finansal Dayanıklılığı Artıran Düzenlemelerin Gözden Geçirilmesi [Review the Regulations of Financial Strength in Securities Firms in the Light of Gl," MPRA Paper 27072, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27072
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    File URL: https://mpra.ub.uni-muenchen.de/27072/1/MPRA_paper_27072.pdf
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    References listed on IDEAS

    as
    1. Kristopher Gerardi & Andreas Lehnert & Shane M. Sherlund & Paul Willen, 2008. "Making Sense of the Subprime Crisis," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 69-159.
    2. Niemeyer, Jonas, 2001. "Where to Go after the Lamfalussy Report? - An Economic Analysis of Securities Market Regulation and Supervision," SSE/EFI Working Paper Series in Economics and Finance 482, Stockholm School of Economics.
    3. Franklin Allen & Richard Herring, 2001. "Banking Regulation versus Securities Market Regulation," Center for Financial Institutions Working Papers 01-29, Wharton School Center for Financial Institutions, University of Pennsylvania.
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    More about this item

    Keywords

    Investment banking; global financial crisis; securities firms; financial strength.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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