THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT
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Data de Publicação: | 2017 |
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Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Análise Econômica (Online) |
Texto Completo: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/52200 |
Resumo: | The regulation and supervision of the financial system have been recently a prime concern of the global economic authorities. Globalization, the process of financial liberalization and consequent economic interconnection between countries have increased the systemic risk, and the need for a more efficient regulation. Thus, with the outbreak of the American crisis in 2008, the G-20 began to act more actively in favor of maintaining the health of the global financial system. For banks, the G-20 instructed the main regulatory institutions like the International Monetary Fund, the Financial Stability Board and the Basel Committee on Banking Supervision (BCBS) to develop recommendations to solve the main problem of the regulation of financial system: the fact that banking sector has a pro-cyclical behavior. Faced with this scenario, in December 2009, the Committee published a document which considered a number of measures in order to solve this problem, among others the inclusion of a counter-cyclical capital buffer in the new regulatory framework proposed by the Committee, the Basel III. This paper aims at analyzing the proposal of countercyclical capital buffer and its applicability in the Brazilian banking system. |
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THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENTO BUFFER DE CAPITAL CONTRACÍCLICO DE BASILEIA III: UMA AVALIAÇÃOFinancial systemFinancial crisisFinancial regulationCounter-cyclical bufferG01G28E44Sistema financeiroCrise financeiraRegulação financeiraBuffer contracíclicoG01G28E44The regulation and supervision of the financial system have been recently a prime concern of the global economic authorities. Globalization, the process of financial liberalization and consequent economic interconnection between countries have increased the systemic risk, and the need for a more efficient regulation. Thus, with the outbreak of the American crisis in 2008, the G-20 began to act more actively in favor of maintaining the health of the global financial system. For banks, the G-20 instructed the main regulatory institutions like the International Monetary Fund, the Financial Stability Board and the Basel Committee on Banking Supervision (BCBS) to develop recommendations to solve the main problem of the regulation of financial system: the fact that banking sector has a pro-cyclical behavior. Faced with this scenario, in December 2009, the Committee published a document which considered a number of measures in order to solve this problem, among others the inclusion of a counter-cyclical capital buffer in the new regulatory framework proposed by the Committee, the Basel III. This paper aims at analyzing the proposal of countercyclical capital buffer and its applicability in the Brazilian banking system.A regulação e supervisão do sistema financeiro tem sido recentemente um dos motivos de apreensão por parte das principais autoridades econômicas mundiais. A globalização, o processo de liberalização financeira e a consequente interconexão econômica entre países aumentaram o risco sistêmico, colocando a necessidade de marco regulatório e fiscalização mais eficientes. Assim, com a eclosão da crise norte-americana em 2008, o G-20 começou a atuar de forma mais ativa em prol da manutenção da higidez do sistema financeiro mundial. Para os bancos, o G-20 instruiu as principais instituições reguladoras como o Fundo Monetário Internacional (FMI), o Conselho de Estabilidade Financeira e o Comitê de Basileia (BCBS, sigla em inglês) a desenvolverem recomendações a fim de se solucionar o considerado principal problema da regulação dos mercados: o fato do setor bancário ter um comportamento comprovadamente pró-cíclico. Diante de tal cenário, em dezembro de 2009, o Comitê publicou um documento que considerou uma série de medidas a fim de solucionar tal problema, entre estas estava a inclusão do buffer de capital contracíclico do novo marco regulatório proposto pelo Comitê (Basileia III). O objetivo do presente artigo é avaliar se a proposta de buffer contracíclico feito em Basileia III dá conta da pró-ciclicidade do setor, em particular no caso brasileiro. UFRGS2017-12-18info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/5220010.22456/2176-5456.52200Análise Econômica; Vol. 35 No. 68 (2017): setembro de 2017Análise Econômica; v. 35 n. 68 (2017): setembro de 20172176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/52200/45679Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessPeres, GuilhermePaula, Luiz Fernando de2017-12-19T11:42:48Zoai:seer.ufrgs.br:article/52200Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2017-12-19T11:42:48Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.none.fl_str_mv |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT O BUFFER DE CAPITAL CONTRACÍCLICO DE BASILEIA III: UMA AVALIAÇÃO |
title |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
spellingShingle |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT Peres, Guilherme Financial system Financial crisis Financial regulation Counter-cyclical buffer G01 G28 E44 Sistema financeiro Crise financeira Regulação financeira Buffer contracíclico G01 G28 E44 |
title_short |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
title_full |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
title_fullStr |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
title_full_unstemmed |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
title_sort |
THE BASEL III COUNTERCYCLICAL CAPITAL BUFFER: AN ASSESSMENT |
author |
Peres, Guilherme |
author_facet |
Peres, Guilherme Paula, Luiz Fernando de |
author_role |
author |
author2 |
Paula, Luiz Fernando de |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Peres, Guilherme Paula, Luiz Fernando de |
dc.subject.por.fl_str_mv |
Financial system Financial crisis Financial regulation Counter-cyclical buffer G01 G28 E44 Sistema financeiro Crise financeira Regulação financeira Buffer contracíclico G01 G28 E44 |
topic |
Financial system Financial crisis Financial regulation Counter-cyclical buffer G01 G28 E44 Sistema financeiro Crise financeira Regulação financeira Buffer contracíclico G01 G28 E44 |
description |
The regulation and supervision of the financial system have been recently a prime concern of the global economic authorities. Globalization, the process of financial liberalization and consequent economic interconnection between countries have increased the systemic risk, and the need for a more efficient regulation. Thus, with the outbreak of the American crisis in 2008, the G-20 began to act more actively in favor of maintaining the health of the global financial system. For banks, the G-20 instructed the main regulatory institutions like the International Monetary Fund, the Financial Stability Board and the Basel Committee on Banking Supervision (BCBS) to develop recommendations to solve the main problem of the regulation of financial system: the fact that banking sector has a pro-cyclical behavior. Faced with this scenario, in December 2009, the Committee published a document which considered a number of measures in order to solve this problem, among others the inclusion of a counter-cyclical capital buffer in the new regulatory framework proposed by the Committee, the Basel III. This paper aims at analyzing the proposal of countercyclical capital buffer and its applicability in the Brazilian banking system. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-18 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/52200 10.22456/2176-5456.52200 |
url |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/52200 |
identifier_str_mv |
10.22456/2176-5456.52200 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/52200/45679 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Análise Econômica info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Análise Econômica |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFRGS |
publisher.none.fl_str_mv |
UFRGS |
dc.source.none.fl_str_mv |
Análise Econômica; Vol. 35 No. 68 (2017): setembro de 2017 Análise Econômica; v. 35 n. 68 (2017): setembro de 2017 2176-5456 0102-9924 reponame:Análise Econômica (Online) instname:Universidade Federal do Rio Grande do Sul (UFRGS) instacron:UFRGS |
instname_str |
Universidade Federal do Rio Grande do Sul (UFRGS) |
instacron_str |
UFRGS |
institution |
UFRGS |
reponame_str |
Análise Econômica (Online) |
collection |
Análise Econômica (Online) |
repository.name.fl_str_mv |
Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS) |
repository.mail.fl_str_mv |
||rae@ufrgs.br |
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