International compliance with new Basel Accord principles for risk governance

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

We assess international compliance with the Basel Committee's 2010 guidance on governance of banking organisations. Based on an extensive examination of regulatory documents in selected advanced economies, we find that reform is incomplete in jurisdictions most affected by the financial crisis, and with the largest financial centres. In contrast, other countries less affected by the financial crisis have enacted risk governance reforms as protection against potential future contagion. We provide insights for policy-makers charged with improving governance at banks, and a richer understanding for international regulators as they revise the guidelines and aim for greater compliance at the national level.

Original languageEnglish
Pages (from-to)279-311
Number of pages33
JournalAccounting and Finance
Volume58
Issue number1
DOIs
Publication statusPublished - Mar 2018

Keywords

  • Banks
  • Corporate governance
  • International
  • Regulation

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