Basel II Accords to Revolutionize Banking Industry Capital Requirements
The book "Economic Capital Allocation with Basel II" discusses credit risk in the banking industry under the Basel II accords. It covers the capital requirements for bank stability, new rules set by supervisory authorities, and technical aspects like credit rating scales and risk modeling. The Basel II accords must be implemented by 2006 with 2 years of preparation. The author conducted research in the US, UK, and Europe to develop this comprehensive overview.