The Basel Committee on Banking Supervision
A History of the Early Years 1974–1997

A major contribution to the historical record on banking supervision.

Charles Goodhart (Author)

9781107007239, Cambridge University Press

Hardback, published 25 August 2011

618 pages, 36 b/w illus. 35 tables
23.1 x 15.5 x 3.3 cm, 1.09 kg

'Goodhart has provided neither a narrative nor analytical history, but rather an invaluable, roughly chronological encyclopedia of key ideas, recollections, and documents for an audience of economists, political scientists, historians, regulators, finance ministers, and of course, the central bankers and regulators who comprise this powerful Committee.' The Oxonian Review

The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision.

List of figures
List of tables
Foreword Nout Wellink
Background and acknowledgments
1. Introduction
2. The antecedents of the BCBS
3. Modus operandi: chairmen, secretariat, members, the structure of meetings
4. The Concordat
5. External and foreign exchange issues
6. Capital adequacy and the Basel Accord of 1988
7. The Market Risk Amendment
8. The core principles of banking supervision
9. Liquidity
10. Off balance sheet exposures and derivatives
11. Other topics addressed by the BCBS
12. The relationship of the BCBS with banks and other banking regulators
13. Relationships with other non-bank oversight and supervisory bodies
14. The legal position of the BCBS
15. The international relations of the BCBS
16. BCBS and the social sciences
17. Epilogue
Index.

Subject Areas: Banking law [LNPB], Banking [KFFK], Monetary economics [KCBM], Economics, finance, business & management [K], International relations [JPS]