Schenk, C. (2011) Governance of Governors: the 1974 international banking crisis and the early deliberations of the Basel Committee. In: Corporate Governance in Financial Institutions: Historical Developments and Current Problems: EABH 22nd Annual Conference, Amsterdam, The Netherlands, 20-21 May 2011,
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Abstract
The 2007 global financial crisis exposed a range of weaknesses in the fabric of prudential supervision both at national and international level. Given the failure of the Basel Committee framework to develop effective rules that can be implemented across jurisdictions in a timely manner to increase the resilience of the international financial market to contagious crisis, it is clear that examining the evolution of this framework and how the norms of its operations were determined is a starting point for understanding its weaknesses. This paper reviews the origins and early deliberations of the Basel Committee on Banking Supervision using archive sources including the records of meetings to reveal the reasons for teh failure to develop an 'early warning system' in the wake of the 1974 international banking crisis.
Item Type: | Conference Proceedings |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Schenk, Professor Catherine |
Authors: | Schenk, C. |
Subjects: | H Social Sciences > HC Economic History and Conditions |
College/School: | College of Social Sciences > School of Social and Political Sciences > Economic and Social History |
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