Capital Adequacy Beyound Basel: Banking, Securities, and Insurance

Capital Adequacy Beyound Basel: Banking, Securities, and Insurance by Hal S. Scott

The chapters in this book show that securities firms, insurance companies, and banks should be subject to different capital requirements. The effect, therefore, is also to call into question the use of bank-style consolidated capital requirements for financial service holding companies.

Contents of "Capital Adequacy Beyound Basel: Banking, Securities, and Insurance"

1. Capital Regulation for Position Risk in Banks, Securities Firms, and Insurance Companies 
2. Capital Adequacy in Insurance and Reinsurance 
3. Consolidated Capital Regulation for Financial Conglomerates 
4. Using a Mandatory Subordinated Debt Issuance Requirement to Set Regulatory Capital Requirements for Bank Credit Risks 
5. No Pain, No Gain? Effecting Market Discipline via ‘‘Reverse Convertible Debentures’’
6. The Use of Internal Models: Comparison of the New Basel Credit
7. Proposals with Available Internal Models for Credit Risk 
8. Sizing Operational Risk and the Effect of Insurance: Implications for the Basel II Capital Accord 
9. Enforcement of Risk-Based Capital Rules

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