Ritically evaluate the effectiveness of the Basel II accord in achieving the set objectives of the Basel committee.
a?International cooperation in banking supervision was born out of the need to prevent the systemic spread of bank failures which could lead to the collapse of the entire global banking system. This led to Basel committee on bank supervision setting minimum solvency standards applicable to any bank from a member country of the Basel committee. Presently, the Basel rules have been adopted in more than 100 countries around the world.a?
Consider the foregoing statement. Critically evaluate the effectiveness of the Basel II accord in achieving the set objectives of the Basel committee. Your essay should include (but is definitely not restricted to) discussion of how this accord has helped (or otherwise) in minimizing the impact of the recent financial crisis on the global economy.
2. Basel II
-what is it
-objectives (slightly compare with Basel I and Basel III)
Critically evaluate the Effects of Basel II in the recent financial Crisis
-how is the financial crisis
-how Basel II apply in the financial crisis/ Basel II impacts (benefits and drawbacks)
-estimate by economists
4. How you think of Basel II, helpful or useless? and Conclusion
PS. please read and use the provided articles