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Risk Management by the Basel Committee: Evaluating Progress made from the 1988 Basel Accord to Recent Developments

Ojo, Mariane.B. (2010) Risk Management by the Basel Committee: Evaluating Progress made from the 1988 Basel Accord to Recent Developments. Journal of Financial Regulation and Compliance, 18 (4). pp. 305-315.

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Abstract

This paper traces developments from the inception of the 1988 Basel Accord to its present form (Basel II). In highlighting the flaws of the 1988 Accord, an evaluation is made of the Basel Committee’s efforts to address such weaknesses through Basel II. Whilst considerable progress has been achieved, the paper concludes on the basis of the principal aim of these Accords, that more work is still required particularly in relation to hedge funds, liquidity risks, and those risks attributed to non bank financial institutions. Further, the paper highlights existing problems with Basel II through a reference to capital measurement problems which were revealed in the aftermath of the Northern Rock crisis.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Solomon Bayoko
Date Deposited: 08 Nov 2013 19:14
Last Modified: 08 Nov 2013 19:14
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/1870

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