Capital Adequacy beyond Basel: Banking, Securities, and Insurance by James T. Willerson MD, Jay N. Cohn MD, James T. Willerson, Jay N. Cohn Book free download
This book is timely since the Basel Committee on Banking Supervision at
the Bank for International Settlements is in the process of making major
changes in the capital rules for banks. It is important that capital
adequacy regulation helps to achieve financial stability in the most
efficient way. Capital adequacy rules have become a key tool to protect
financial institutions. The research contained within the book covers
some key issues at stake in the capital requirements for insurance and
securities firms. The contributors are among the leading scholars in
financial economics and law. Their contributions analyze the use of
subordinated debt, internal models, and rating agencies in addition to
examining the effect on capital of reinsurance, securitization, credit
derivatives, and similar instruments.
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