The case of the Bank of Credit and Commerce International (BCCI) illustrated the many existing gaps in the international rules and standards governing bank supervision.
This book deals with these rules and advocates how they should develop. It is based on the thesis that the rules essentially `percolate' from the national, regional and international levels and that these areas have become integrally interconnected.
The book concludes with proposals suggesting ways of better interconnecting the national, regional and international levels through more formal, legalistic and transparent structures. The work is aimed at the financial institutions community, legal practitioners and academics.
Devising International Bank Supervisory Standards is the third volume in the International Banking and Finance Law series, which has been designed to provide a broad foundation for comparative analysis of changes and reforms occurring worldwide in international banking regulation and practice. It proves a valuable tool in the comprehension of both policies and practicalities reflected by these rapid changes and reforms.
- Understanding the Dimensions of the `Code Word'
- The National Context: the Evolutionary Transformation of Capital Adequacy from Domestic Examination to Domestic Regulatory Objective in the U.S. and U.K. and Then to International Regulatory Objective
- A Regional Context: the European Community Banking Law Paradigm – an Epicentre for the Development of International Standards on Bank Prudential Supervision and Regulation
- The International Context: the Basle Committee on Bank Supervision
- Final Observations and a Recommmendation