Impact and Implementation Challenges of the Basel Framework for Emerging, Developing and Small Economies

Frait, Jan; Tomšík, Vladimír

doi:10.1057/ces.2014.31

Cited by 7 publications

(4 citation statements)

References 15 publications

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“…Stock markets in many LMICs are not deep and liquid enough for investors to exert the kind of market discipline that is envisioned in Pillar III of Basel standards. Meanwhile the supply of high-quality liquid assets in many LMICs may not be sufficient for banks to meet the liquidity requirements of Basel III (Frait and Tom s ık, 2014;Gobat et al, 2014).…”

Section: Implementation Challenges For Developing Countriesmentioning

confidence: 99%

Global Financial Regulation: Shortcomings and Reform Options

Jones

Knaack

2019

Global Policy

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Standard‐setting bodies in global finance follow a core‐periphery logic, imposing a rigid dichotomy between standard‐setters and standard‐takers. They also focus exclusively on promoting financial stability. We argue that both attributes are increasingly problematic in today's world of globalised finance. Developing countries outside of standard‐setting bodies are highly integrated into global finance and while they are not systemically important, they are greatly affected by the regulatory decisions taken in the core. Analysing Basel banking standards, we show how the two‐tier structure of decision‐making results in international standards that generate adverse implications for countries in the periphery, particularly developing countries. Focusing on debates over the regulation of non‐bank credit intermediation, we show how the exclusive focus on financial stability can operate to the detriment of other important policy objectives, including financial inclusion. To improve the efficacy of international standard setting we make a series of recommendations aimed at increasing the applicability of standards to a wide variety of jurisdictions, and widening the focus of standard‐setting beyond financial stability. We also propose the creation of a new standard‐setting body for the regulation of fintech that models a more inclusive and holistic approach.

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Section: Implementation Challenges For Developing Countriesmentioning

confidence: 99%

Global Financial Regulation: Shortcomings and Reform Options

Jones

Knaack

2019

Global Policy

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“…According to Gottschalk (2010) According to Frait and Tomsik (2014), emerging markets have specific differences, which set them apart from developed economies, namely:…”

Section: Challenges With the Implementation Of Basel Faced By African Banksmentioning

confidence: 99%

A framework for managing the regulatory and economic capital of banks

Mynhardt¹,

Marx²

2019

J. econ. financ. sci.

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Orientation: Banks face three primary risks, namely credit, market and operational risk. The Basel Committee on Bank Supervision (BCBS) promotes monetary and financial stability by means of their accords, which provides risk mitigation guidelines to banks under the jurisdiction of central banks that are members of the BCBS.Research purpose: The aim of this study was to develop a framework for participating African banks to enable them to determine their required regulatory capital (RC) and economic capital (EC) because neither the Basel accords nor the central banks involved in this study provided clear guidelines in this regard.Motivation for the study: During 2016, the banking associations from Kenya, Mauritius, Rwanda, Seychelles, South Sudan, Tanzania, Uganda and Ghana requested assistance with the determination of the EC and RC of their member banks.Research design, approach and method: The study used pragmatism as a paradigm and a qualitative methodology by using participatory action research (PAR). Directors, non-executive directors, financial officers, internal auditors, risk and compliance officers of banks participated.Main findings: The participants confirmed their challenges in determining their RC and EC, and hence the focus groups proceeded to systematically and logically develop a framework.Practical/managerial implications: The resultant framework suggests that greater clarity about the regulatory requirements in each country needs to be provided by their bank supervisors.Contribution/value-add: The framework enables banks to determine their own RC and EC requirements. However, customised methodologies and reporting structures have to be developed and followed during implementation and validation.

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“…Hospital planning employed GP for balancing cost, service quality and accessibility goals (Villa et al 2016). Gersbach and Surulescu 2013), sovereign debt management(Mazumder et al 2019), and fiscal reforms in developing economies(Fanaras et al 2022). GP integrated macroeconomic, social policy and environmental goals for sustainable development planning(Collins et al 2022).…”

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confidence: 99%

Practical and Adaptable Applications of Goal Programming: A Literature Review

Hasmukhbhai,

Khanna,

Patel

2023

jaz

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Goal programming (GP) is an important optimization technique for handling multiple, and often conflicting, objectives in decision making. This paper undertakes an extensive literature review to synthesize key findings on the diverse real-world applications of GP across domains, its implementation challenges, and emerging directions. The introduction sets the context and objectives of the review. This is followed by an in-depth review of literature analyzing GP applications in areas as varied as agriculture, healthcare, education, energy management, supply chain planning, and macroeconomic policy modeling. The materials and methods provide an overview of the systematic literature review methodology. Key results are presented in terms of major application areas of GP. The discussion highlights the versatility and practical utility of GP, while also identifying limitations. The conclusion outlines promising avenues for enhancing GP modeling approaches to strengthen multi-criteria decision support.

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Impact and Implementation Challenges of the Basel Framework for Emerging, Developing and Small Economies

Cited by 7 publications

References 15 publications

Global Financial Regulation: Shortcomings and Reform Options

Global Financial Regulation: Shortcomings and Reform Options

A framework for managing the regulatory and economic capital of banks

Practical and Adaptable Applications of Goal Programming: A Literature Review

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