The new Basel Capital Accord: A major advance at a turbulent time

Publisher:
ANU College of Business & Economics
Publication Type:
Journal Article
Citation:
Agenda, 2009, 16 (1), pp. 25 - 43
Issue Date:
2009-01
Full metadata record
January 2008, the Australian Prudential Regulation Authority introduced the second-generation capital requirement, Basel II, that substantially extended the 1988 Capital Accord of the Basel Committee on Banking Supervision. This paper explains the main features of Basel II; reviews concerns about the likely effects of the new capital requirement; and assesses the new capital requirement in the context of the global financial crisis.
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