IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-0-230-35842-3_1.html
   My bibliography  Save this book chapter

Basel III: An Overview and a Warning

In: Basel III, the Devil and Global Banking

Author

Listed:
  • Dimitris N. Chorafas

Abstract

With the December 16, 2010 release of the Basel III rules, the Basel Committee (Basel) aimed to strengthen preventive measures that are at the heart of bank regulation and effective supervision. Examined strictly on its own merits, each of the revamped Basel II rules, as well as the new ones, is sound. There are, however, two major challenges which regretfully have been, and continue to be, outside the Basel Committee’s remit: today’s globalized financial markets are a far cry from the much simpler banking environment that Basel I, and by extension Basel II and Basel III, aimed to regulate, and no matter what the Basel Committee say, the different governments, particularly those in the West, continue to shield their badly wounded big global banks which they saved from bankruptcy through the use of lavish amounts of taxpayers’ money.

Suggested Citation

  • Dimitris N. Chorafas, 2012. "Basel III: An Overview and a Warning," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Basel III, the Devil and Global Banking, chapter 1, pages 3-16, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-35842-3_1
    DOI: 10.1057/9780230358423_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-0-230-35842-3_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.