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The Basel Committee on Banking Supervision(BCBS)develops the banking regulatory standards which include the Basel Core Principles for all banks plus capital and liquidity standards for internationally active banks.This research mainly focused on the Basel Core Principles which are the minimum standards for sound prudential regulation and supervision of banks in all countries and their banking systems.These Basel Core Principles are used by all countries as benchmarks for assessing the quality of the supervising system of banks towards achieving sound banking systems.
The Basel Core Principles are useful standards and play a key role in helping check on different banking supervisory and regulatory practices.They have been active since1997the time they were issued by Basel Committee on Banking Supervision(BCBS)and continue to use a four-grade scale of assessing compliance to promote maximum implementation in different countries around the globe.They are set as very high minimum standards based on the practices of industrialized members of Basel Committee on Banking Supervision(BCBS).
Low–and middle-income countries face difficulties as they try to apply Basel Core Principles while regulating their financial institutions with hopes for a sound banking system.This qualitative research will analyze the reasons as to why low-and middle-income countries face implementation difficulties after adopting Basel core principles and how many Basel minimum standards of the capital requirement components under Basel core principles have been implemented by the low-and middle-income countries.
I argue that the low representation of the low-and middle-income countries in Basel Committee on Banking and Supervision and practical concerns of banking systems in emerging markets serves as a major barrier for implantation of the Basel banking Standards..This is because even when new members from the emerging markets were allowed to join the Basel committee since2009,still standards favor the industrialized nations because they have the majority representation and make major decision which have little in regard for the low-and middle-income countries.This qualitative research will look more into the matter and analyze the possible reasons behind the topic under discussion.
The Basel Core Principles are useful standards and play a key role in helping check on different banking supervisory and regulatory practices.They have been active since1997the time they were issued by Basel Committee on Banking Supervision(BCBS)and continue to use a four-grade scale of assessing compliance to promote maximum implementation in different countries around the globe.They are set as very high minimum standards based on the practices of industrialized members of Basel Committee on Banking Supervision(BCBS).
Low–and middle-income countries face difficulties as they try to apply Basel Core Principles while regulating their financial institutions with hopes for a sound banking system.This qualitative research will analyze the reasons as to why low-and middle-income countries face implementation difficulties after adopting Basel core principles and how many Basel minimum standards of the capital requirement components under Basel core principles have been implemented by the low-and middle-income countries.
I argue that the low representation of the low-and middle-income countries in Basel Committee on Banking and Supervision and practical concerns of banking systems in emerging markets serves as a major barrier for implantation of the Basel banking Standards..This is because even when new members from the emerging markets were allowed to join the Basel committee since2009,still standards favor the industrialized nations because they have the majority representation and make major decision which have little in regard for the low-and middle-income countries.This qualitative research will look more into the matter and analyze the possible reasons behind the topic under discussion.