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Impact and Implementation Challenges of the Basel Framework for Emerging, Developing and Small Economies

Author

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  • Jan Frait

    (1] University of Finance and Administration, Estonská 500, Prague, CZ 10100, Czech Republic.
    2] Czech National Bank, Na Prikope 28, Prague, CZ 11503, Czech Republic.)

  • Vladimír Tomšík

    (1] Czech National Bank, Na Prikope 28, Prague, CZ 11503, Czech Republic.
    2] Newton College, Rašínova 2, Brno, CZ 60200, Czech Republic)

Abstract

This paper focuses on the impact of the Basel III accord on emerging, developing and small economies. It looks primarily at potential unintended consequences of the new rules. The areas of concern for both banks and regulators are found in increases in risk-weighted assets for trading exposures, in capital replenishments in jurisdictions with weaker governance and less developed financial markets, and in coping with enhanced liquidity requirements in multinational groups. The resulting recommendations concern consistent application of rules in various parts of multinational banks and the provision of adequate supervisory powers for adequate control of the institutions and markets.

Suggested Citation

  • Jan Frait & Vladimír Tomšík, 2014. "Impact and Implementation Challenges of the Basel Framework for Emerging, Developing and Small Economies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(4), pages 493-516, December.
    • Handle: RePEc:pal:compes:v:56:y:2014:i:4:p:493-516
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    Cited by:

    1. repec:cnb:ocpubv:rb14/1 is not listed on IDEAS
    2. Étienne Farvaque & Catherine Refait-Alexandre, 2016. "Les exigences de transparence des accords de Bâle : aubaine ou fardeau pour les pays en développement ?," Mondes en développement, De Boeck Université, vol. 0(1), pages 131-147.
    3. repec:cnb:ocpubv:rb12/2 is not listed on IDEAS
    4. repec:cnb:ocpubv:rb13/1 is not listed on IDEAS
    5. Cristina Badarau & Corentin Roussel, 2021. "A Theoretical Foundation for Prudential Authorities Decision Making," Working Papers 2021.11, International Network for Economic Research - INFER.
    6. repec:cnb:ocpubv:rb13/2 is not listed on IDEAS
    7. repec:cnb:ocpubv:rb14/2 is not listed on IDEAS

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