Abstract

MARTINEZ CASTILLO, Carlos Alberto. Basel II, Challenges and Oportunities. Towards a Broader Regulating and Supervision Harmonization in XXI Century. Gest. polít. pública [online]. 2007, vol.16, n.2, pp.465-510. ISSN 1405-1079.

ln the recent years, as a consequence of the Globalization phenomena, the international financial community in particular the Bank of International Settlements in Basel, Switzerland, pursued the harmonization of the regulatory and supervision systems in the financial institutions. The idea is to avoid new episodes of financial or corporate crisis that could strike the financial community. The new proposal named Basel II put on the table a major risk awareness in the banks' operation who have a substantial international activity to avoid contagious of risks in the global system. The Basel II Accord proposes the increase of both, in one hand quantitative and in the other hand, qualitative risk analysis in financial institutions. The new accord is based on three pillars. The first one is a matrix of risk analysis models (financial, operational and market risks), these models go from the simple (Standard Approach) to the complex (Internal Rates Approach IRB) tailored to each particular bank according to its own reality. The second pillar is related about all supervision matters. Finally the third one, goes towards a major Market discipline and transparency. Under a critical vision this essay gives the ABC of the Basel II Accord and its goals and challenges towards its implementation in the future.

Keywords : banks; financial markets; international banking; regulation of the credit.

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