Daníelsson, Jón; Jorgensen, Bjorn N.; Vries, Casper G. de - 2001
Under the new Capital Accord, banks choose between two different types of risk management systems, the standard or the … internal rating based approach. The paper considers how a bank's preference for a risk management system is affected by the … management. The main conclusion is that previously unregulated institutions can be expected to switch to the lower quality …