Capital Requirements of Basel III and their Application in the European Union – Implications for the Banking Sector Cover Image

Капиталовите изисквания на Базел III и тяхното прилoжение в Европейския съюз – ефекти за банковия сектор
Capital Requirements of Basel III and their Application in the European Union – Implications for the Banking Sector

Author(s): Silvia Kirova
Subject(s): Economy, Supranational / Global Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Basel Capital Requirements; Bank Capital; Banking Union; Efficiency
Summary/Abstract: In December 2010 Basel Committee on Banking Supervision published a set of documents, containing the new capital requirements for banks, known as Basel III. Those rules are already being implemented and it is expected that they become fully effective in 2019. The fulfillment of the new, stricter requirements poses certain challenges before the banks around the world. This is especially valid for the banks in the European Union, where the implementation of the Basel requirements goes in parallel with a process of restructuring and establishment of a banking union. Therefore, the report aims at exploring at what extent the Basel III requirements are implemented in the European Union and to identify the economic effects of the above-mentioned processes for the European banking sector.

  • Page Range: 69-77
  • Page Count: 9
  • Publication Year: 2016
  • Language: Bulgarian