regulation.I would like to compliment the organizers of this conferenceon the programme they have set up, covering manyrelevant …

I am very pleased to be part of this forward-looking conferenceon developments in capital regulation. Because … Manhattan Corporation and to closewith some thoughts on the implications of these experiencesfor capital regulation in the …

[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that … excessive differentials in the weights appliedto different categories of assets might induce banks to substituteaway from highly … risk-weighted assets. In the early1990s, U.S. banks shifted sharply from corporate lendingto investing in government …

)framework. First, the regulatory measures of “capital” maynot represent a bank’s true capacity to absorb unexpectedlosses. Deficiencies …Bank supervisors have long recognized two types of shortcomingsin the Basle Accord’s risk-based capital (RBC … in reported loan loss reserves, forexample, could mask deteriorations in banks’ economic networth. Second, the …