Basel III, the Devil and Global Banking by D. ChorafasBasel III, the Devil and Global Banking by D. Chorafas

Basel III, the Devil and Global Banking

byD. Chorafas

Hardcover | November 22, 2011

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The banking industry extensively lobbied against Basel III and governments have been keen to delay its full implementation. Chorafas' latest book takes a well-rounded approach on Basel III's strengths and weaknesses and explains how, without deep restructuring of the global banking industry, (like Basel II) Basel III will fail.
Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Ka...
Title:Basel III, the Devil and Global BankingFormat:HardcoverDimensions:287 pages, 9.02 × 5.98 × 0.69 inPublished:November 22, 2011Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230353770

ISBN - 13:9780230353770


Table of Contents

PART I: THE PERPETUAL MOTION OF GLOBAL FINANCE Finance and Banking are Time and Motion Machines Global Banking and Systemic Risk Basel III is a Grand Compromise, Not a Bold Initiative PART II: BASEL III AND THE NOTION OF GLOBAL RISK Is it Possible to Regulate Financial Markets in Perpetual Change? Capital Adequacy and Liquidity. The Devil is in the Detail Home-Host Issues Haunt Bankers and Regulators PART III: RISK MANAGEMENT NEEDS A NEW CULTURE The Concept of Risk Management Must be Thoroughly Revamped Correlation Risk Overwhelms the Global Banking Industry Risk Control Requires Authority, Goals and Organization PART IV: BASEL III SHOULD ALSO ADDRESS THE PERPETUAL MOTION FINANCIAL MACHINE OF SOVEREIGNS AND CENTRAL BANKS By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk What's the Sense of Central Banks Interventions?