Author (Person) | Ayadi, Rym |
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Series Title | CEPS Task Force Report |
Series Details | 23 June 2008 |
Publication Date | 23/06/2008 |
Content Type | Journal | Series | Blog |
Following a period of protracted turbulence, regulators on both sides of the Atlantic face the challenge of re-evaluating prudential standards in the midst of implementing the new so-called ‘Basel II’ rules, issued by the Basel Committee on Banking Supervision. Indeed, the 2007 subprime lending crisis and other scandals have cast doubt on the credibility of banks’ internal governance and risk assessment and management systems and the role of credit rating agencies in externally assessing the risk of complex structured products. Equally, the capacity of regulators to monitor the risky, multifaceted activities of large cross-border institutions has been subjected to immense stress. |
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Source Link | http://www.ceps.eu/ |
Subject Categories | Business and Industry |
Countries / Regions | Europe |
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