Restoring Confidence in the Financial System.
- 1 online resource (189 pages)
Cover -- Contents -- Acknowledgements -- Preface -- Introduction -- 1 Brave New World -- 2 The Unintended Consequences Of Basel I And Basel II -- 3 Rating Agencies And The Shadow Banking System -- 4 How The Current System Failed And The Need For See-Through Leverage (STL) -- 5 How STL Should Be Used In Practice By Investors, Regulators And Rating Agencies -- 6 Towards A Basel III -- Glossary -- Bibliography -- Index.
Explains the intricacies of the regulatory framework of Basel I and Basel II, the two landmark events in banking regulation which inadvertently laid the foundation for the economic crisis.