Discussion Paper Details

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Title: Capital, Trust and Competitiveness in the Banking Sector

Author(s): Thomas Gehrig

Publication Date: February 2013

Keyword(s): bank capital, Basel process of capital regulation and trust

Programme Area(s): Financial Economics and Public Economics

Abstract: This note critically assesses the Basel reform process of capital regulation. It highlights the political nature of this process and argues that the absence of clearly spelled-out societal objectives has been detrimental in furthering stability and soundness of the banking systems in the run-up of the 2007/8 financial crisis. The positive externalities of bank capital have not hitherto been explicitly been taken into consideration.

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Bibliographic Reference

Gehrig, T. 2013. 'Capital, Trust and Competitiveness in the Banking Sector'. London, Centre for Economic Policy Research.