Financial Markets and Regulations: INDIVIDUAL COURSEWORK ASSIGNMENT
TOPIC: The 2007-9 financial crisis revealed some limitations and potential flaws in the Basel II Banking Regulation. As a response, the new Basel III Capital Accord was proposed by the Basel Committee on 1 June, 2011. Basel III is expected to be fully implemented by 2022.
REQUIRED: Students are required to write a report, which
a) Describes the rationale and evolution of Basel regulations over time;
b) Present the current set of rules and then illuminates the objectives of the new the requirements introduced by Basel III.
It is suggested that part a &b) should consist of approximately 1000 words.
This coursework will contribute 30% to the overall course assessment.
SUGGESTED READING:
The following comprises a list of suggested reading as a base for the report. Students are expected to search for further academic and practitioner literature to enhance their report: 1) The Basel Committee – overview – online page.
2) BIS (2017), Basel III: Finalising post-crisis reforms, Basel Committee on Banking Supervision, Available [Online] https://www.bis.org/bcbs/publ/d424.htm, also available on MyAberdeen
3) BIS (2017 High-level summary of Basel III reforms, Basel Committee on Banking Supervision, Available [Online] https://www.bis.org/bcbs/publ/d424_hlsummary.htm, also available on MyAberdeen
4) 2018, Financial Times Article, “Regulators apologise for ‘Basel IV’ bank rules delay”, available on MyAberdeen
5) Ojo, Marianne (2016), Preparing for Basel IV – Why Liquidity Risks Still Present a Challenge to Regulators in Prudential Supervision. Amazon Publications, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1729057 or http://dx.doi.org/10.2139/ssrn.1729057, also available on MyAberdeen
6) Ojo, Marianne (2011), Preparing for Basel IV (Whilst Commending Basel III): Why Liquidity Risks Still Present a Challenge to Regulators in Prudential Supervision (Part II)*. Deca Books LLC, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1732304 or http://dx.doi.org/10.2139/ssrn.1732304, also available on MyAberdeen
7) Allen, Bill et al. (2012) Basel III: Is the cure worse than the disease? International Review of Financial Analysis, Vol 25, pp.159-166, https://doi.org/10.1016/j.irfa.2012.08.004, also available on MyAberdeen
8) ‘Chapter 15 – Objectives of Bank Regulation’, (2016) in Contemporary Financial Intermediation (Third Edition), eds. S.I. Greenbaum, A.V. Thakor and A.W.A. Boot, Academic Press, San Diego, pp. 355-395, https://doi.org/10.1016/B978-0-12-405196-6.00015-X, also available on MyAberdeen
SUBMISSION GUIDELINES:
1. This is an individual assignment.
2. Students must submit:
Late submissions will be penalised by one CAS point for each working day late.
3. Report must be 1000 words (10% + or -), excluding any appendices and references.
4. Reports must be properly referenced using the Harvard referencing system. For details on exactly how to do this (including web pages) see the library citation guide.
5. Reports must be written in Calibri, 12-point font, be justified, have 1.5-line spacing, include pages’ numbers and include the word count.
Failure to adhere to the above submission guidelines will result in a reduction of one CAS mark.
