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Adopting the New Basel Accord: Impact and Policy Response of Asian-Pacific Developing Countries

December 31, 2006

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Other Research
Adopting the New Basel Accord: Impact and Policy Response of Asian-Pacific Developing Countries

December 31, 2006

PDF
Welcoming Remarks by Jung Taik HYUN
 (President, Korea Development Institute)
Keynote Speech by Jeung-Hyun Yoon
 (Chairman, Korea Financial Supervisory Commission)
Conference Schedule
Contributors

INTRODUCTION AND OVERVIEW
Basel II and Banking Supervision
 (Hyeon-Wook Kim and Hyun Song Shin)
 1 Background
 2 Some History
 3 Basel II Key Elements
 4 Procyclicality and SME finance
 5 Operational Risk
 6 Competitive landscape
 7 Financial Conglomerates

OPEN LECTURE
Banking on Basel?
 (Gerard Caprio)
 1 Introduction
 2 What Works Best in Banking?
 3 A Framework for Regulation
 4 Basel II: Origins and Implementation
 5 Conclusions

PART I BASEL II AND POLICY RESPONSES OF ASIA-PACIFIC COUNTRIES

CHAPTER 1. Basel II and Bank Portfolios: Implications for Property Booms and Financial Stability
 (Hyun Song Shin)
 1 Overview
 2 Bank Capital for Credit Risk under Basel II
 3 Evidence from QIS3
 4 House Price Booms: a Model
 5 Housing Crash
 6 Implications for Prudential Regulation and Monetary Policy
 Comments(Kun-Ho Lee)

CHAPTER 2. Adopting Basel II Policy Responses in Case of Thailand
 (Poomjai Nacaskul)
 1 Introduction
 2 Economic Issues
 3 Institutional Challenges
 4 Conclusion

CHAPTER 3. Implications of Basel II for emerging markets and China’s approach to Basel II
 (Ping Luo)
 1 Introduction
 2 Implications of adoption of Basel II for emerging markets
 3 China’s intended approach to Basel II
 4 Conclusion

CHAPTER 4. Implementation of Basel II in Hong Kong
 (Rita Yeung)
 1 Overview of the revised capital adequacy framework in Hong Kong
 2 Banking Amendment Ordinance 2005
 Contents
 3 Rule-making progress
 4 Major on-going work
 5 Major challenges ahead

CHAPTER 5. The Implementation of Basel II in Australia
 (Bernie Egan)
 1 The Australian context
 2 The implementation of Basel II in Australia
 3 Pillar
 4 Conclusion

PART II IMPLICATIONS OF THE NEW BASEL ACCORD FOR THE BANK LENDING BEHAVIOR AND HOUSING FINANCE MARKETS

CHAPTER 6 Pro-cyclicality of Buffer Capital and its Implications for Basel II: A Cross Country Analysis
 (Hyeon-Wook Kim and Hang-Yong Lee)
 1 Introduction
 2 Pro-cyclicality of Bank Lending and Basel II
 3 Empirical Analysis
 4 Policy Implications
 5 Concluding Remarks
 Comments(Ilhyock Shim)

CHAPTER 7 Macroeconomic Implications of the New Basel Accord for Japan: Strengthened Soundness by the New Accord
 (Kimie Harada)
 1 Introduction
 2 Ineffectiveness of Basel I on Japanese banking industry
 3 Issues to be solved
 4 Macroeconomic trend toward Basel II
 5 Conclusion
 
 Comments(Bo-Eun Doh)

CHAPTER 8. Credit Guarantee Reform under the New Basel Accord: Implications for SME Lending in Korea
 (Joon-Ho Hahm, Joon-Kyung Kim, and Dongsoo Kang)
 1 Introduction
 2 Reform of the Credit Guarantee System in Korea
 3 Treatment of Credit Guarantees under the New Basel Accord
 4 Empirical Analysis and Simulations
 5 Summary and Concluding Remarks
 Comments(Kyung-Kwon Jeong)

CHAPTER 9. Impacts of the New Basel Accord on Housing Finance Market in Korea
 (Chang-Gyun Park and Seok-Kyun Hur)
 1 Introduction
 2 Housing Finance in Korea
 3 Basel II and Loans Secured by Residential Properties
 4 The Model
 5 Simulation Result
 6 Limitations and Extensions
 Comments(Kiseok Hong)
 Comments(Chae-il Lee)

CHAPTER 10. Basel II and the Australian Residential Mortgage Markets
 (Bernie Egan)
 1 Background
 2 Deregulation of banking in Australia
 3 The implementation of the 1988 Basel Capital Accord
 4 More recent developments
 5 Conclusion

PART III ISSUES ON IMPLEMENTATION OF THE NEW BASEL ACCORD IN DEVELOPING COUNTRIES

CHAPTER 11. Implementing the External Credit Assessment Institution of the Basel II Accord in Korea
 (Kyung-Mook Lim and Hyeon-Wook Kim)
 1 Introduction
 2 BASEL II and the Role of the External Credit Rating Institutions
 3 Credit Rating Agencies in Korea
 4 Issues on the Recognition of the ECAI in Korea
 5 Concluding Remarks
 Comments(Chang Ho Han)

CHAPTER 12. New Basel Accord and Requirements for ECAI Recognition from Asian Developing Countries’ Perspective
 (Giovanni Ferri, Tae Soo Kang, and Jeong Yeon Lee)
 1 Introduction 309
 2 The Role of ECAIs’ Ratings With Basel II
 3 The Supply of ECAIs’ Ratings in Asia
 4 The Quality of ECAIs’ Ratings in Asia: Focusing on Korea
 5 Conclusions and Policy Implications for Asia
 Comments(Pil-Kyun Kim)

CHAPTER 13. The Analyzing the Operational Risk Profile of Korean Banks
 (Il Yong Ko and Seung Kook Lee)
 1 Operational Risk in Basel II
 2 The Comparisons of Measurement Methodologies
 3 Results of Loss Data Analysis in Korean Banks
 4 Conclusions
 Comments(Ha-Hyun Jo)

CHAPTER 14. Different Regulatory Capital Regimes and Systemic Stability
 (Jin-Ho Kim and Gunhee Lee)
 1 Introduction
 2 Different Regulatory Capital Regimes between Banks and Insurance Companies
 3 Risk Transfer and Systemic Stability
 4 Financial Conglomeration and Integrated Regulation
 5 Numerical Comparison between the Two Different Regimes Capital Requirements
 6 Summary and Concluding Remarks
 Comments(Jai Hyun Nahm)
 
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