As recent global stock market crashes have brought to light – particularly massive sell outs which were instigated in response to panics about the actual state of economic growth of strategic investment partners and emerging economies, nothing moves consumers and investors more than...

This paper addresses factors which have prompted the need for further revision of banking regulation, with particular reference to the Capital Requirements Directive. The Capital Requirements Directive (CRD), which comprises the 2006/48/EC Directive on the taking up and pursuit of the business...

Developments since the introduction of the 1988 Basel Capital Accord have resulted in growing realization that new forms of risks have emerged and that previously existing and managed forms require further redress. The revised Capital Accord, Basel II, evolved to a form of meta regulation – a...

The Financial Crisis has not only highlighted the importance of addressing issues such as liquidity risk – it has also brought to the fore the need to focus on unregulated instruments such as hedge funds, which are of systemic importance to the financial industry. Risk is an area which, owing...

The primary argument of this paper is, namely, that the International Accounting Standards Board (IASB), is in need of an enforcement mechanism. In drawing attention to this argument, the paper not only proposes considerations which are to be taken into account if such a mechanism is to be...

This paper traces developments from the inception of the 1988 Basel Capital Accord to its present form (Basel II). In highlighting the flaws of the 1988 Accord, an evaluation is made of the Basel Committee's efforts to address such weaknesses through Basel II. Whilst considerable progress has...

The English version of this article can be found here: "http://ssrn.com/abstract=2263760" http://ssrn.com/abstract=2263760La version française de cet article peut être consultée à: "http://ssrn.com/abstract=2264238" http://ssrn.com/abstract=2264238Die deutsche Version dieses Artikels finden...

The English version of this article can be found here: "http://ssrn.com/abstract=2263760" http://ssrn.com/abstract=2263760La version française de cet article peut être consultée à: "http://ssrn.com/abstract=2264238" http://ssrn.com/abstract=2264238Die deutsche Version dieses Artikels finden...

Why are some global financial crises more difficult to recover from and overcome than others? What steps are necessary in ensuring that financial stability and recovery is facilitated? What kind of environment has the previous financial environment evolved to and what kind of financial products...

Desde o princípio da crise econômica mundial, em 2007, o FMI tem atuado em diversas frentes para mobilizar apoio a seus 188 países membros. O Fundo ampliou a oferta e concessão de crédito, valeu-se de sua experiência internacional para sugerir soluções e empreendeu reformas que o...