The Impact of the 1988 Basel Capital Accord and Prognosis for the Future
63518
Basel 1988 sets out an agreement among the G-10 central banks to apply minimum capital standards to their banking industries. Designed to promote worldwide soundness of the global finance system, including mortgage market impacts, it was fully implemented in 1992. This research looks at its effectiveness and implications for the future. Potential revisions to Basel 1988 could fuel mortgage market efficiency and ultimately reduce the cost of home ownership for Canadians.
|