The impact of Basel II on EU banks, procyclical effects and proposals

Abstract

This dissertation gives an overview on the origination, development and causes of achievements and failures of global financial regulation taking the European banking system as a case study. In particular the author analyses the European legal structure where the regulatory framework is created, the kind of rules that have been agreed upon, the impact of those rules on European banks and the new proposals that are being discussed to overcome the shortcomings of the current regulation