Review of the Basel Accords Banking Supervision Framework with a Comparative Analysis of Regulatory Implementation in Canada and the U.S.

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Title: Review of the Basel Accords Banking Supervision Framework with a Comparative Analysis of Regulatory Implementation in Canada and the U.S.
Authors: BABSTOCK, Mi Jin
Date: 2013
Abstract: Recognizing the key elements of major global financial crises, this paper provides research and analysis on the Basel Accords, the international regulatory architecture for banking supervision. Specifically, it traces the trajectory of the evolution of the Basel Accords towards the development of Basel III. For Basel I and II, the key components are identified, and there is also discussion of weaknesses that provided the impetus for subsequent and ongoing revisions. This discussion will contribute to explaining why there has been significant progress in implementation of key components of Basel III by national level regulators, including the relationship between the policy development process at the international level and the policy implementation at the national level. To explain challenges that contribute to varying levels of implementation of Basel III, this paper provides a comparative analysis of implementation of Basel III in Canada and the U.S., describing the major differences in the degrees and manner in which specific elements of Basel III have been implemented. This analysis will identify the challenges affecting implementation of Basel III to enhance stability in international finance while also noting apparent areas requiring further work.
URL: http://hdl.handle.net/10393/30507
CollectionAffaires publiques et internationales - Mémoires // Public and International Affairs - Research Papers
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