Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Basel II's supervisory review process guidelines and its potential impact on Austria's financial market supervision: Illustrated through the BAWAG cas

Basel II's supervisory review process guidelines and its potential impact on Austria's financial market supervision: Illustrated through the BAWAG cas

Schützenhofer, Miriam

Paperback

Business GeneralInvesting & Finance

ISBN10: 3640181131
ISBN13: 9783640181131
Publisher: Grin Verlag
Published: Oct 7 2008
Pages: 156
Weight: 0.47
Height: 0.36 Width: 5.83 Depth: 8.27
Language: English
Diploma Thesis from the year 2007 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1, University of Applied Sciences Wiener Neustadt (Austria), language: English, abstract: Globalization has become an important aspect of our every day's life. It affects us as soon as we go shopping, turn on the television or travel abroad. Therefore, it is little surprising that globalization also impacts financial markets. It allows banks to spread their banking activities around the world by liberalizing many financial markets. Due to this liberalization, financial markets evolve and the historical role of banks as primary source of financial intermediation begins to change. Consequently, banking sectors worldwide have been deregulated to allow banks to diversify their businesses into other financial areas. This trend, also known as the formation of financial conglomerates, raises important considerations for the implementation of Basel II's supervisory review process. Singhal and Vij argue for instance that the increasing number of such groups will trigger severe problems in the multinational supervisor coordination and multi-sectored supervision. Due to the global operations of such conglomerates, different jurisdictions apply in different countries requiring the supervisors of each country to closely cooperate with each other.

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