International Financial Reforms: Capital Standards, Resolution Regimes and Supervisory Colleges, and their Effect on Emerging Markets

38 Pages Posted: 17 Jan 2013  

Duncan Alford

University of South Carolina School of Law; University of South Carolina - Coleman Karesh Law Library

Multiple version iconThere are 2 versions of this paper

Date Written: January 17, 2013

Abstract

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the risk of bank failure ('Basel III'), the improved recovery and resolution regimes for global banks, and the development of supervisory colleges of cross-border financial institutions to improve supervisory cooperation and convergence. The paper also addresses the implications of these regulatory reforms for Asian emerging markets.

Keywords: international financial reforms, capital standards, resolution regimes, supervisory colleges, emerging markets

JEL Classification: G2, G28, O16

Suggested Citation

Alford, Duncan, International Financial Reforms: Capital Standards, Resolution Regimes and Supervisory Colleges, and their Effect on Emerging Markets (January 17, 2013). ADBI Working Paper No. 402. Available at SSRN: https://ssrn.com/abstract=2202051 or http://dx.doi.org/10.2139/ssrn.2202051

Duncan Alford (Contact Author)

University of South Carolina School of Law ( email )

701 Main Street
Columbia, SC 29208
United States

University of South Carolina - Coleman Karesh Law Library ( email )

Main & Greene Streets
Columbia, SC 29208
United States

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