Basel III, the Devil and Global Banking

by D. Chorafas

Overview

The banking industry extensively lobbied against Basel III and governments have been keen to delay its full implementation. Chorafas' latest book takes a well-rounded approach on Basel III's strengths and weaknesses and explains how, without deep restructuring of the global banking industry, (like Basel II) Basel III will fail.

Product Details

ISBN-13:	9780230353770
Publisher:	Palgrave Macmillan UK
Publication date:	11/22/2011
Series:	Palgrave Macmillan Studies in Banking and Financial Institutions
Edition description:	2012
Pages:	287
Product dimensions:	5.60(w) x 8.60(h) x 1.00(d)

About the Author

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

Table of Contents

PART I: THE PERPETUAL MOTION OF GLOBAL FINANCE Finance and Banking are Time and Motion Machines Global Banking and Systemic Risk Basel III is a Grand Compromise, Not a Bold Initiative PART II: BASEL III AND THE NOTION OF GLOBAL RISK Is it Possible to Regulate Financial Markets in Perpetual Change? Capital Adequacy and Liquidity. The Devil is in the Detail Home-Host Issues Haunt Bankers and Regulators PART III: RISK MANAGEMENT NEEDS A NEW CULTURE The Concept of Risk Management Must be Thoroughly Revamped Correlation Risk Overwhelms the Global Banking Industry Risk Control Requires Authority, Goals and Organization PART IV: BASEL III SHOULD ALSO ADDRESS THE PERPETUAL MOTION FINANCIAL MACHINE OF SOVEREIGNS AND CENTRAL BANKS By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk What's the Sense of Central Banks Interventions?