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http://ssrn.com/abstract=250166
 
 

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The Role of Credit Rating Agencies in the Establishment of Capital Standards for Financial Institutions in a Global Economy


Howell E. Jackson


Harvard Law School

undated


Abstract:     
Governmental bodies are increasingly incorporating the work of private credit rating agencies into regulatory standards. In this comment, Professor Jackson examines how a recent proposal of Basel Committee on Banking Supervision would extend this practice by factoring the credit ratings of borrowers into capital adequacy requirements for commercial banks. After reviewing various criticisms of the Basel Committee's proposal, the Comment considers alternative approaches to measuring the credit risk of commercial banks and concludes with a discussion of implications for regulatory policy in a global financial services industry.

Number of Pages in PDF File: 20

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Date posted: November 15, 2000  

Suggested Citation

Jackson, Howell E., The Role of Credit Rating Agencies in the Establishment of Capital Standards for Financial Institutions in a Global Economy (undated). Available at SSRN: http://ssrn.com/abstract=250166 or http://dx.doi.org/10.2139/ssrn.250166

Contact Information

Howell Edmunds Jackson (Contact Author)
Harvard Law School ( email )
Griswald 402
1563 Massachusetts Avenue
Cambridge, MA 02138
United States
617-495-5466 (Phone)
617-495-5156 (Fax)
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