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 has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communicationssystems, and internal controls since 1961. More than 8,000 banking, industrial and government executives have participated in his seminars in the USA, the UK, Germany, Italy, Asia and Latin America. Dr Chorafas is the author of more than 150 books, all critically well-received, and some of which have been translated into up to sixteen languages. INDICE: PART I: THE PERPETUAL MOTION OF GLOBAL FINANCE - Finance and Banking are Time and Motion Machines - Global Banking and Systemic Risk - Basel IIIis 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 PerpetualChange? - 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?
- ISBN: 978-0-230-35377-0
- Editorial: Palgrave MacM
- Encuadernacion: Cartoné
- Páginas: 288
- Fecha Publicación: 30/11/2011
- Nº Volúmenes: 1
- Idioma: Inglés