Basel Accord could be the model for investment firms and insurance companies

Basel II could become the model for the regulation of investment firms and insurance companies, according to Mario Draghi, governor of the Bank of Italy.

Speaking at a recent conference, Draghi asserted that the convergence of the three sectors of financial intermediation should reduce the risk of regulatory arbitrage and rationalise the management of financial conglomerates.

The supervisory review process, the second pillar of the Basel Accord, requires each bank to make its own assessment of the capital considered adequate in relation to its specific features and its risk exposures, while supervisory authorities examine and approve the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here