Journal Article

Capital standards for banks: the evolving Basel Accord

Abstract: The Basel Capital Accord has served as the framework for capital adequacy standards for internationally active banks since 1988. The agreement is widely viewed as having achieved its main objectives, including the promotion of stability in world financial markets. In recent years, however, it has become less appropriate for the world's largest banks, which are increasingly complex and engage in financial transactions unimagined when the agreement was adopted. Now proposals are being considered to refine the framework to take account of the changes in banking and the banking system over the past fifteen years.

Keywords: Bank capital; Risk management;

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: Federal Reserve Bulletin

Publication Date: 2003

Issue: Sep