Regulatory failure causing financial crises has occurred with great frequency in the last ten years in both advanced and emerging nations. Theories of regulation have failed to define and describe the meanings of deregulation, the range of regulatory models and their goals, the significance of...

It is being increasingly acknowledge that the benefits of deregulation of the financial system have failed to materialise, not so much because of flaws in the conduct of banks, but because of failure to adapt and change the overriding regulatory system to meet the challenges of deregulation,...

This paper presents an overview of the findings, recommendations and the rationale of the Wallis Inquiry compared to those of a major competitor, a conference on the future of the Australian Financial System run by the Economic Group of the Reserve Bank of Australia. The conclusion of this...

Systemic failure in Asian markets has been analysed and attempts made to correct future occurences by changes to the regulatory models governing those markets. However many of those markets still have not initiated necessary public sector reforms to ensure good governance, financial Stability...

The three pillars of Basel II introduce new capital ratios, new supervisory procedures, and demand better disclosure to ensure effective market discipline in both the equity and debt markets. Included in these requirements, for the first time, is the necessity for financial institutions to...

Systemic failure in Asian markets has bee analysed and attempts made to correct future occurrences by changes to the regulatory models governing those markets. However many of those markets still have not initiated necessary public sector reforms to ensure good governance, financial stability...

Most problematic of the Basel II capital adequacy requirements is the subset of Pillar I, requiring provision for operational risk (OR) as distinct from credit and market risk. Previous tests of the strategic effect of this new regulation from three prior Quality Impact Studies (QIS) conducted...

Systemic failure in Asian markets has bee analysed and attempts made to correct future occurrences by changes to the regulatory models governing those markets. However many of those markets still have not initiated necessary public sector reforms to ensure good governance, financial stability...