Asset quality is an essential part of sound banking. However, asset quality is difficult for banking regulators and investors to assess in the absence of a common, cross-border scheme to classify assets. Currently no standard is applied universally to classify loans, the most sizable asset on...

Asset quality is an essential part of sound banking. However, asset quality is difficult for banking regulators and investors to assess in the absence of a common, cross-border scheme to classify assets. Currently no standard is applied universally to classify loans, the most sizable asset on...

While there is consensus as regards the magnitude and severity of the crisis, there are contrasting - even opposing views - with regard to the understanding of the causes of the crisis and the types of regulatory responses that can best tackle the imbalances that were at its root and to fix the...