The Evolution of the Basel Accord : New Issues of Banking Regulation and New Solutions

This paper is written in Chinese and published in China. The modern banking industry is rapidly developing with a clear trend towards globalization. Accordingly, international community has been working hard collectively to seek the best practice of banking regulation. The two Basel accords are the products of the international efforts in this regard. By analyzing the evolutionary process of the two accords and reasons behind it, this paper aims to reveal the new problems surrounding banking regulation and examine the implications of the new development of banking regulation for China