determination of capital requirements, the identification and classification of assets, and the provision of reliable estimation and … assessment of credit risk. The criteria required to be satisfied by credit rating agencies, namely: objectivity, independence … statements, market prices of a firm’s debt and equity, and appraisals of the firm’s prospects and risk sufficiently indicative as …

these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and …

regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …

– particularly with regards to the recent financial crisis, owing to concerns arising from increased sensitivity to credit risk under … beneficial consequences emanating from Basel II’s increased sensitivity to credit risk (as illustrated by the Internal Ratings … situations where such firms’ credit risk models are extremely and unduly sensitive - hence the level of capital being retained is …

environments has resulted in the adoption of more flexible forms of regulation such as risk based regulation and responsive … in identifying and assessing risk, solutions aimed at countering problems of risk regulation, along with the problems … arising from different perceptions of risk will be addressed only briefly. …

imposes detailed rules with which regulators supervise to one which consists of risk based regulatory strategies. ‘Enforced … between the command-and-control style of supervision and meta risk regulation in that firms are still required to regulate but … not the regulator, are required to regulate. It is similar to meta-risk regulation in that the individual firm’s model is …

these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and …