A comparison of capital standards and pr
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Michael Bowe; Maximilian J.B. Hall
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Article
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1998
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John Wiley and Sons
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English
โ 239 KB
๐ 2 views
The EC's Capital Adequacy Directive (CAD) and the 1995 Basle Committee (BC) proposals are analysed as approaches to regulating market risk. We derive conditions under which the BC's proposal, namely supplementing a CAD-type standardized risk measurement framework with proprietary procedures subject