Why will Basel III fail?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39901967" target="_blank" >RIV/00216275:25410/16:39901967 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Why will Basel III fail?

Original language description

This paper focus on the evolution of global banking regulations set by the Basel Committee on Banking Supervision known as the Basel Accords. We argue that both Basel I and Basel II have failed and we expect the same for Basel III. We belive that Basel III will failed because of: i)path dependency on two previos failed accords, ii) delayed implementation, iii) strong pressure from bank-supported loyyists and finally iv) strong influence of politicians. Rather thane proposing new banking regulatory initiatives, we recommend imposing higher personal responsibility for bank managers, regulators and supervisors. As a result, Basel III will not prevent future crises from affecting the global banking industry.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of ICIDRET 2016

ISBN

978-81-929866-0-9

ISSN

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e-ISSN

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Number of pages

4

Pages from-to

5-8

Publisher name

ASDF

Place of publication

New Delhi

Event location

Dillí

Event date

Feb 12, 2016

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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