Publication Date
1-2013
Document Type
Article
Abstract
This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: (1) the improved capital requirements intended to reduce the risk of bank failure (“Basel III”), (2) the improved recovery and resolution regimes for global banks, and (3) the development of supervisory colleges of cross-border financial institutions to improve supervisory cooperation and convergence. The paper also addresses the implications of these regulatory reforms for Asian emerging markets.
Recommended Citation
Duncan Alford, International Financial Reforms: Capital Standards, Resolution Regimes and Supervisory Colleges, and their Effect on Emerging Markets, ADBI Working Paper No. 402 (Jan. 17, 2013) Available at SSRN: http://dx.doi.org/10.2139/ssrn.2202051.