Abstract
Lest we in academia fear that our musings fall on deaf ears, the work of Altman and Saunders seems to have had a discernible public policy impact. As per the earlier suggestions of Altman and Saunders (2001), the January 2001 revisions to the proposed Basel Capital Accord feature an additional corporate risk bucket in the Standardized Approach.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Altman, E. and A. Saunders, “An Analysis and Critique of the BIS Proposal on Capital Adequacy and Ratings,” submitted to the BIS (March 2000) and published in Journal of Banking and Finance, vol. 25 no. 1, 2001,pp. 25–46.
Altman, E. and A. Saunders, “The Role of Credit Ratings in Bank Capital,” Chapter 4 in this volume, 2002.
Carty, L.V., D.T. Hamilton, S.C. Keenan, A. Moss, M. Mulvaney, T. Marshella, and M.G. Subhas, “Bankrupt Bank Loan Recoveries,” Special Comment, Moody’s Investors Service, June 1998.
Flood, M., “Basel Buckets and Loan Losses: Absolute and Relative Loan Underperformance at Banks and Thrifts,” Office of Thrift Supervision Working Paper, August 7, 2000.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2002 Springer Science+Business Media New York
About this chapter
Cite this chapter
Allen, L. (2002). Discussion. In: Levich, R.M., Majnoni, G., Reinhart, C.M. (eds) Ratings, Rating Agencies and the Global Financial System. The New York University Salomon Center Series on Financial Markets and Institutions, vol 9. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0999-8_14
Download citation
DOI: https://doi.org/10.1007/978-1-4615-0999-8_14
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5344-7
Online ISBN: 978-1-4615-0999-8
eBook Packages: Springer Book Archive