This chapter is organized as follows: first, we introduce the Basel Committee on Banking Supervision and the standards its members develop. Second, we survey the failures of the Basel regime leading to the global financial crisis of 2007–2008 and some possible explanations thereof. Then, we discuss the reasons why the fundamental features of the regime are still in place even after its evident inadequacies and why the reforms adopted in the wake of the crisis are a way to safeguard the resilience of such features.
The Basel Committee on Banking Supervision in the Post-crisis International Governance of Banking Regulation. Continuity Despite Weakness
Matteo Ortino
2023-01-01
Abstract
This chapter is organized as follows: first, we introduce the Basel Committee on Banking Supervision and the standards its members develop. Second, we survey the failures of the Basel regime leading to the global financial crisis of 2007–2008 and some possible explanations thereof. Then, we discuss the reasons why the fundamental features of the regime are still in place even after its evident inadequacies and why the reforms adopted in the wake of the crisis are a way to safeguard the resilience of such features.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
