Although the proposed new accord is an important improvement on Basel I, it fails to create a supervisory regime that embodies a credible and strong market discipline, says Harald Benink.John Hawke: “We have really no sound basis whatsoever for assessing capital impact”
Why do experts fail to predict company failures such as Parmalat, Enron and WorldCom? To find out, The Banker invited credit and rating analysts and auditors to a roundtable discussion to explore the issues. The discussion got quite heated as the finger was pointed at the various parties and a proposal to change the way underwriters get paid was put up for debate