Basel II implementation in Asia

This Asia Focus report examines Basel II implementation in Asian economies and discusses key issues and challenges facing Asian banks and regulators.

Sufficient Conditions for Feasibility and Optimality of Real-Time Optimization Schemes - II. Implementation Issues

The idea of iterative process optimization based on collected output measurements, or "real-time optimization" (RTO), has gained much prominence in recent decades, with many RTO algorithms being proposed, researched, and developed. While the essential goal of these schemes is to drive the process to its true optimal conditions without violating any safety-critical, or "hard", constraints, no generalized, unified approach for guaranteeing this behavior exists. In this two-part paper, we propose an implementable set of conditions that can enforce these properties for any RTO algorithm. This second part examines the practical side of the sufficient conditions for feasibility and optimality (SCFO) proposed in the first and focuses on how they may be enforced in real application, where much of the knowledge required for the conceptual SCFO is unavailable. Methods for improving convergence speed are also considered.Comment: 56 pages, 15 figure

Credit risk measurement under Basel II : an overview and implementation issues for developing countries

The objective of this paper is to provide an overview of the changes in the calculation of minimum regulatory capital requirements for credit risk that have been drafted by the Basel Committee on Banking Supervision (Basel II). Even though the revised credit capital rules represent a dramatic change compared to Basel I, it is shown that Basel II merely seeks to codify (albeit incompletely) existing good practices in bank risk measurement. However, its effective implementation in many developing countries is hindered by fundamental weaknesses in financial infrastructure that will need to be addressed as a priority.Banks&Banking Reform,Banking Law,Insurance&Risk Mitigation,Financial Intermediation,Economic Theory&Research

Implementing Loss Distribution Approach for Operational Risk

To quantify the operational risk capital charge under the current regulatory framework for banking supervision, referred to as Basel II, many banks adopt the Loss Distribution Approach. There are many modeling issues that should be resolved to use the approach in practice. In this paper we review the quantitative methods suggested in literature for implementation of the approach. In particular, the use of the Bayesian inference method that allows to take expert judgement and parameter uncertainty into account, modeling dependence and inclusion of insurance are discussed

Portability, compatibility and reuse of MAC protocols across different IoT radio platforms

To cope with the diversity of Internet of Things (loT) requirements, a large number of Medium Access Control (MAC) protocols have been proposed in scientific literature, many of which are designed for specific application domains. However, for most of these MAC protocols, no multi-platform software implementation is available. In fact, the path from conceptual MAC protocol proposed in theoretical papers, towards an actual working implementation is rife with pitfalls. (i) A first problem is the timing bugs, frequently encountered in MAC implementations. (ii) Furthermore, once implemented, many MAC protocols are strongly optimized for specific hardware, thereby limiting the potential of software reuse or modifications. (iii) Finally, in real-life conditions, the performance of the MAC protocol varies strongly depending on the actual underlying radio chip. As a result, the same MAC protocol implementation acts differently per platform, resulting in unpredictable/asymmetrical behavior when multiple platforms are combined in the same network. This paper describes in detail the challenges related to multi-platform MAC development, and experimentally quantifies how the above issues impact the MAC protocol performance when running MAC protocols on multiple radio chips. Finally, an overall methodology is proposed to avoid the previously mentioned cross-platform compatibility issues. (C) 2018 Elsevier B.V. All rights reserved

After All, Africa is Largely a Nonliterate Continent : The Reception of Vatican II in Africa

The article examines critical factors that determined the impact, reception, and implementation of Vatican II in Africa. Drawing on historical accounts, the author identifies and analyzes personalities, contexts, and issues that conditioned and shaped Africa\u27s participation in the council. Looking back 50 years, he argues that while the continent\u27s participation was negligible, shaped by a combination of events and attitudes that either facilitated or hampered reception, concrete examples abound of how the council generated impetus for growth, renewal, and reform in inculturation, interreligious dialogue, theological reflection, and ecclesial collaboration in Africa

Factors that promote or inhibit the implementation of e-health systems: an explanatory systematic review

OBJECTIVE: To systematically review the literature on the implementation of e-health to identify: (i) barriers and facilitators to e-health implementation, and (ii) outstanding gaps in research on the subject.METHODS: MEDLINE, EMBASE, CINAHL, PSYCINFO and the Cochrane Library were searched for reviews published between 1 January 1995 and 17 March 2009. Studies had to be systematic reviews, narrative reviews, qualitative metasyntheses or meta-ethnographies of e-health implementation. Abstracts and papers were double screened and data were extracted on country of origin; e-health domain; publication date; aims and methods; databases searched; inclusion and exclusion criteria and number of papers included. Data were analysed qualitatively using normalization process theory as an explanatory coding framework.FINDINGS: Inclusion criteria were met by 37 papers; 20 had been published between 1995 and 2007 and 17 between 2008 and 2009. Methodological quality was poor: 19 papers did not specify the inclusion and exclusion criteria and 13 did not indicate the precise number of articles screened. The use of normalization process theory as a conceptual framework revealed that relatively little attention was paid to: (i) work directed at making sense of e-health systems, specifying their purposes and benefits, establishing their value to users and planning their implementation; (ii) factors promoting or inhibiting engagement and participation; (iii) effects on roles and responsibilities; (iv) risk management, and (v) ways in which implementation processes might be reconfigured by user-produced knowledge.CONCLUSION: The published literature focused on organizational issues, neglecting the wider social framework that must be considered when introducing new technologies.<br/

Implications of Basel II for Latin America

Despite delays, Basel II remains set to be finalized this year with implementation in Basel Committee countries by the end of 2006. How will this agreement between a set of G10+ countries affect emerging economies? Two implications are considered here for countries in Latin America. First, earlier papers have suggested that implementation in G10+ may affect the cost of capital and may introduce pro-cyclicality. The analysis presented indicates that these concerns may be exaggerated depending on the value of critical parameters. Second, Latin America may choose to implement the new agreement locally. Five country characteristics are detailed that might serve as a guide to govern whether and if so how Basel II should be implemented. Moreover, a simpler Centralized Rating Based (CRB) approach to enhance provisioning is proposed as an initial or transition step for the region. Finally, a number of largely unresolved, cross-border issues are discussed.