Global Regulatory Changes to the Banking Industry after the Financial Crisis: Basel III

  • Roberto Joaquín Santillán-Salgado EGADE Business School, Instituto Tecnológico de Monterrey
Keywords: Regulation of the banking industry, Basel Agreements, the Financial Crisis of 2007-2009.

Abstract

Two global regulatory frameworks for the banking industry (the Basel I and Basel II Agreements) had already been developed and implemented when the Financial Crisis (2007-2009) hit the global economy, and a third version was under development. We center this study’s attention on the structure and functioning of the Basel III Agreement but, in order to set the background, we briefly discuss its previous versions (Basel I and Basel II). Finally, we present some comments on the meaningfulness and impact of the Basel Agreements worldwide, and offer our inferences on what will be the future of the world banking industry under Basel III.

Author Biography

Roberto Joaquín Santillán-Salgado, EGADE Business School, Instituto Tecnológico de Monterrey
Full Professor of Finance, Finance Department, EGADE Business School, Tec de Monterrey, Monterrey Campus. President of the AAFM LatinAmerican Chapter, Level II National Researcher (CoNACYT-Mexico)

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Published
27-06-2015
How to Cite
Santillán-Salgado, R. (2015). Global Regulatory Changes to the Banking Industry after the Financial Crisis: Basel III. Journal of Global Economy, 11(2), 83-100. Retrieved from http://www.rcssindia.org/jge/index.php/jge/article/view/395
Section
Articles