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Promoting a free market by ending the Single Market - reforming EU financial regulation

โœ Scribed by Booth, Philip; Morrison, Alan


Book ID
119850964
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
89 KB
Volume
32
Category
Article
ISSN
0265-0665

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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