Tags
assets, banking, Capitalism, corruption, counterfeit currencies, counterfeit securities, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, currency value, Economics, Economy, Federal regulations, finance, financial derivatives, fraud, free market economy, Global Economy, International Concerns, investment banking, Macro-economic analysis 2008, macro-economic future forecasting, Money, mortgage backed securities, Principles of Economics, reality-based statistical analysis, securities, stock market, US Constitutional guarantees, US dollar, US economic crisis, US Government, US government bailout, US Treasury, Wall Street
Publications by year
Publications by category
- Accounting and auditing
- Banking problems
- Basel Committee history and membership
- Basel I and Market Risk Amendment
- Basel II implementation
- Basel II new framework
- Concordat and cross-border issues
- Core Principles
- Credit risk and securitisation
- Liquidity risk
- Money laundering and terrorist financing
- Operational risk
- Other risks
- Risk management
- Transparency and disclosure
About the Basel Committee
The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. In this regard, the Committee is best known for its international standards on capital adequacy; the Core Principles for Effective Banking Supervision; and the Concordat on cross-border banking supervision.
The Committee’s members come from Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States. Countries are represented by their central bank and also by the authority with formal responsibility for the prudential supervision of banking business where this is not the central bank. The present Chairman of the Committee is Mr Nout Wellink, President of the Netherlands Bank.
About the Basel Committee
Committee on the Global Financial System
Committee on the Global Financial System
The Committee on the Global Financial System (CGFS), which is chaired by Donald L Kohn, Vice Chairman of the Board of Governors of the Federal Reserve System, monitors developments in global financial markets for the central bank Governors of the G10 countries.
The Committee has a mandate to identify and assess potential sources of stress in global financial markets, to further the understanding of the structural underpinnings of financial markets, and to promote improvements to the functioning and stability of these markets. It fulfils this mandate by way of quarterly monitoring discussions among CGFS members, through coordinated longer-term efforts, including working groups involving central bank staff, and through the various reports that the CGFS publishes.
The CGFS, formerly known as the Euro-currency Standing Committee, was established in 1971 with a mandate to monitor international banking markets. Its initial focus was on the monetary policy implications of the rapid growth of off-shore deposit and lending markets, but attention increasingly shifted to financial stability questions and to broader issues related to structural change in the financial system. Reflecting this change in focus, the G10 Governors decided on 8 February 1999 to rename the Committee and to revise its mandate.
http://www.bis.org/cgfs/index.htm
CGFS – Asset prices
- Jul 2008
No 30 -
Private equity and leveraged finance markets
- Feb 2007
No 27 -
Institutional investors, global savings and asset allocation
- Jan 2006
No 26 -
Housing finance in the global financial market
http://www.bis.org/list/cgfs/tid_54/index.htm
It’s a quite difficult decision for any politician choosing between more bailout packages or letting the free market economic principles take care of the failed businesses, whether it is the financial institutions or automakers. The main focus should be defending the interests of middle-class Americans and creating a stable economic system that will guarantee long-term stability and sustainability. But here we also can face more challenges, since right now the Washington politicians are talking about the second large bailout package. If we bailout financial institutions and other industries again, when are they going to ask for the third bailout package? Or fourth? Maybe this is a time to let free market economy work rather than keep bailing out large, failed corporations? After all, it is the small and medium size businesses that create vast majority of middle-class jobs in America, not the large corporations. Maybe the government is better off to replace banks in lending practices and directly give loan packages with low interest rates to small and medium size businesses? That might work better and have a direct, immediate impact on economy and the middle-class America…