The authors describe the issues and options that would be associated with the development of regulatory minimum capital standards for credit risk based on banks' internal risk measurement models. Their goal is to provide a sense of the features that an internal-models (IM) approach to regulatory...

The "bullwhip" effect, in which order variability increases as one moves up the supply chain, has been observed in a range of industries, modeled by several authors and various remedies suggested. This paper provides a simulation of the effect of improved forecasting methods, and finds that...

[fre] La Commission européenne a adopté en 1999 le Plan d’action pour les services financiers (PASF). Grâce au soutien des États membres, du Parlement européen, et plus généralement de l’ensemble des parties prenantes, le PASF a indéniablement permis de grandes avancées vers un...

When users of the mobile satellite services (MSS), including the global mobile personal communications service (GMPCS), travel from country to country with their satellite phones, they can expect to encounter varying regulatory requirements in regard to licence fees, customs duties, type...

The Agreement on Basic Telecommunications reached within the World Trade Organization which came into force in February 1998, and the nominally full liberalisation of telecoms in the European Union at the beginning of this year may seem to the casual observer to have solved all the market access...