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In this paper, we analyze the securitization mechanism, the impact it can have on our economy and the way it has developed over time in Belgium and the United States of America.

Firstly, this memory explains how the securitization works, the benefits it provides and the risks that can occur from the point of view of stakeholders. We also defined the different methods used to avoid these risks, the conflicts of interest that could arise for rating agency and the rules implemented in the US and Europe to avoid them. We also illustrated the place and responsability of each actor in the process of securitization. 

In a second part, we develop how banking regulations were adapted after the crisis through Basel III, the context of the 2007 economic crisis and how the securitization played a role in amplifying the crisis.

Then, we analyze the legal framework based on regulations that were implemented in Belgium and in the US, and tried to show how all these laws can limit misuse and the risks associated with the securitization mechanism. We also underline the differences between the regulations implemented in both countries and demonstrate that the same tool used under different conditions can produce two opposite effects. 

Finally, we give an opinion about the role that ethics play in finance and explain the concept from a theoretical standpoint. We also explore to show why nowadays many people think these two words (ethic and finance) are not really compatible.

securitization --- legal framework --- Belgium --- US --- financial crisis --- banking regulations --- titrisation --- cadre légal --- crise financière --- Sciences économiques & de gestion > Finance

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The Basel Committee on Banking Supervision (BCBS) was established in 1974 as an informal group of central bankers and bank supervisors with the mandate to formulate supervisory standards and guidelines. Although the Committee does not have any formal supranational authority, it is the de facto global banking regulator and its recommendations have been widely implemented by member and non-member states. Maziar Peihani investigates the BCBS’s governance, operation, and policy outcomes to determine the extent to which it is and has been legitimate. The project is comprised of two parts. This part overviews the literature on the BCBS, outlines its contribution, and provides a primer on the Committee’s governance and functions. In addition, it engages with the current theories on legitimacy and discusses what legitimacy means for the global governance of banking and how it can be assessed.

Banks and banking --- State supervision. --- Banks and banking, International --- International banking --- Offshore banking (Finance) --- Transnational banking --- Financial institutions, International --- International finance --- State supervision --- Basle Committee on Banking Supervision. --- Committee on Banking Regulations and Supervisory Practices (Basel, Switzerland) --- Basel Committee on Banking Supervision --- Baseler Ausschuss für Bankenaufsicht --- Comité de Bâle sur le contrôle bancaire --- Basler Ausschuss für Bankenaufsicht --- Comitato di Basilea per la vigilanza bancaria --- Comité de Supervisión Bancaria de Basilea --- E-books --- Banks and banking, International.

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The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision.

Banks and banking --- -AA / International- internationaal --- 333.130.0 --- 333.132 --- 333.139.1 --- 333.162 --- 332.109 --- Hb2 --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- State supervision --- Private banken: algemeen. Studies over de organisatie en de techniek van de banken --- Investeringsbanken, depositobanken, gemengde banken. --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA. --- Bank voor Internationale Betalingen. --- Basel Committee on Banking Supervision --- Baseler Ausschuss für Bankenaufsicht --- Comité de Bâle sur le contrôle bancaire --- Basler Ausschuss für Bankenaufsicht --- Comitato di Basilea per la vigilanza bancaria --- Comité de Supervisión Bancaria de Basilea --- Committee on Banking Regulations and Supervisory Practices (Basel, Switzerland) --- Private finance --- Business, Economy and Management --- Economics --- State supervision. --- E-books --- AA / International- internationaal --- Investeringsbanken, depositobanken, gemengde banken --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA --- Bank voor Internationale Betalingen

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"The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--

Finance --- China --- Economic policy --- A-shares. --- British pound. --- C schemes. --- Chinese investment funds. --- Chinese mutual funds. --- Chinese rating agency. --- Euro. --- FDI. --- Fintech cities. --- IFRS. --- IMF. --- IPO reform. --- Japanese yen. --- LGFV. --- McCallum rule. --- PBC policy rates. --- Q schemes. --- QFII. --- RMB cross-border flows. --- RMB internationalization. --- RMB lending. --- RQFII, QDII. --- SOEs. --- Shanghai stock exchange. --- Shenzhen stock exchange. --- Taylor rule. --- US dollar. --- VC. --- accounting system. --- asset management. --- banking institutions. --- banking regulations. --- banking. --- basic social security. --- benchmark rates. --- bond connect. --- bond credit ratings. --- bond markets. --- capital account liberalization. --- central bank independence. --- corporate governance. --- credit extension. --- credit market rates. --- domestic assets. --- employer-sponsored annuity programs. --- equity markets. --- familiarity. --- fintech development. --- fintech regulatory developments. --- fintech. --- foreign direct investment. --- foreign exchange. --- hedge funds. --- infrastructure financing. --- interbank markets. --- interest rate liberalization. --- interest rates. --- internet usage. --- investor behavior. --- investor behavioral biases. --- limited attention. --- liquidity facility rates. --- local government financing vehicles. --- loss aversion. --- macroprudential policies. --- market economy. --- microprudential supervision initiatives. --- monetary policy instruments. --- monetary policy. --- money markets. --- mutual fund industry. --- mutual funds. --- online shopping. --- overconfidence. --- pension system. --- pensions. --- price-based policy instruments. --- private equity funds. --- public pension scheme. --- quantity-based policy instruments. --- real state market. --- representativeness bias. --- shadow banking. --- shareholder activism. --- state-owned commercial banks. --- stock connect. --- stock market regulations. --- stock market. --- venture capital funds. --- venture capital market.