The Basel Committee on Banking Supervision

by Goodhart, Charles

• ISBN13: 9781107007239
• ISBN10: 1107007232
• Format: Hardcover
• Copyright: 2011-10-31
• Publisher: Cambridge Univ Pr

Summary

The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision.

Table of Contents

List of figures	p. vii
List of tables	p. viii
Foreword	p. ix
Preface	p. xi
Introduction	p. 1
The antecedents of the BCBS	p. 10
Modus operandi: Chairmen; Secretariat; members; structure of meetings	p. 51
The Concordat	p. 96
External and foreign exchange issues	p. 127
Capital adequacy and the Basel Accord of 1988	p. 146
The Market Risk Amendment	p. 224
The Core Principles of Banking Supervision	p. 286
Liquidity	p. 317
Off-balance-sheet exposures and derivatives	p. 351
Other topics addressed by the BCBS	p. 372
The relationship of the BCBS with banks and other banking regulators	p. 413
Relationships with other non-bank oversight and supervisory bodies	p. 465
The legal position of the BCBS	p. 542
The international relations of the BCBS	p. 560
The BCBS and the social sciences	p. 572
Epilogue	p. 583
Bibliography	p. 583
Index	p. 589
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