ICIDRET 2016

International Conference on Inter Disciplinary Research in Engineering and Technology 2016

 


ICIDRET 2016 Kokula Krishna Hari K
Publication Meta Value
Short Title ICIDRET 2016
Publisher ASDF, India
ISBN 13 978-81-929866-0-9
ISBN 10 81-929866-0-8
Language English
Type Hard Bound - Printed Book
Copyrights ICIDRET Organizers / DCRC, London, UK
Editor-in-Chief Kokula Krishna Hari K
Conference Dates 12 - 13, February 2016
Venue Country DSIIDC, New Delhi, India
Submitted Papers 375
Acceptance Rate 6.00%
Website www.icidret.in

Paper 002


Why will Basel III fail?

Why will Basel III fail?

Petr Teply1, Libena Cernohorska2

1Department of Banking and Insurance, Faculty of Finance and Accounting, University of Economics W. Churchill Square 4, Prague
2Institute of Economic Sciences, Faculty of Economics and Administration, University of Pardubice, Studentska 95, Pardubice
Czech Republic

Abstract

This paper focuses on the evolution of global banking regulations set by the Basel Committee on Banking Supervision known as the Basel Accords. We argue that argue that both Basel I and Basel II have failed and we expect the same from Basel III. We believe Basel III will fail because of: i) path dependency on two previous failed accords, ii) delayed implementation, iii) strong pressure from bank-supported lobbyists and finally iv) strong influence of politicians. Rather than proposing new banking regulatory initiatives, we recommend imposing higher personal responsibility for bank managers, regulators and supervisors. As a result, Basel III will not prevent future crises from affecting the global banking industry.

Author's Profile

Petr Teply : Profile

Libena Cernohorska : Profile

Cite this Article as Follows

Petr Teply, Libena Cernohorska."Why will Basel III fail?" International Conference on Inter Disciplinary Research in Engineering and Technology (2016): 05-08. Print.