The most problematic of the Basel II capital adequacy requirements is the subset of Pillar I, requiring provision for Operational Risk (OR) as distinct from credit and market risk. Previous tests of the strategic effect of this new regulation from three prior Quality Impact Studies (QIS),...

Systemic failure in Asian markets has been analysed and attempts made to correct future occurences by changes to the regulatory models governing those markets. However many of those markets still have not initiated necessary public sector reforms to ensure good governance, financial Stability...

The three pillars of Basel II introduce new capital ratios, new supervisory procedures, and demand better disclosure to ensure effective market discipline in both the equity and debt markets. Included in these requirements, for the first time, is the necessity for financial institutions to...

The recent debate between Dabrowski, Gomulka and Rostowski, (2001) and Stiglitz and Ellerman (2001) as to key fators determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical foundation as to how, when and where policies...

It is being increasingly acknowledged thjat the benefits of deregulation of the financial system have failed to materialise, not so much because of flaws in the conduct of banks, but because of failure to adapt and change the overriding regulatory system to meet the challenges of deregulation,...

E-commerce poses a myriad of regulatory issues. Understanding the technical, taxation and institutional issues posed by E-commerce that impact on the ability to provide such services aids in comprehending the vast integrity and security issues surrounding this innovation. The effect of this...

Analyses of the nature of debt relying on the theory of rational expectations conclude that the burden of public debt need not fall on future generations if the present generation anticipates the higher taxes needed in the future for debt servicing. However, there have been many instances where...

This paper presents an overview of the findings, recommendations and the rationale of the Wallis Inquiry compared to those of a major competitor, a conference on the future of the Australian Financial System run by the Economic Group of the Reserve Bank of Australia. The conclusion of this...

Most problematic of the Basel II capital adequacy requirements is the subset of Pillar I, requiring provision for operational risk (OR) as distinct from credit and market risk. Previous tests of the strategic effect of this new regulation from three prior Quality Impact Studies (QIS) conducted...