The Implementation and the Consequences of Basel II

The paper deals with the implementation and the consequences of Basel II. Itaddresses the questions of why and how Basel II is implemented differently indifferent countries and world regions. In order to deal with these questions a globaloverview of the processes of implementation is provided. Furthermore, someselected regions and countries such as the CEE and the SEE region, as well asRussia, Slovenia and Albania are analyzed in more detail. Adopting a politicaleconomy perspective it is concluded that the unequal implementation of the newBasel Accord mainly is mainly explained by the specific structures of the differentnational financial sectors and by different interests and uneven processes shapingthe implementation of the new regulations.