1. Repositorio institucional de CLACSO
2. Colección de los Centros Asociados
3. México
4. Instituto de Investigaciones Económicas - IIEc/UNAM - Cosecha

Título :	Global financial changes and results in Latin America: à la carte selection of regulation
Palabras clave :	Economía y Finanzas;Financial regulation;financial institutions;financial system;regulatory arbitrage;illicit financial flows
Editorial :	Universidad Nacional Autónoma de México
Descripción :	This article analyzes the implementation of the Basel II, II.5 and III rules in Latin American countries by means of specific banking regulations and finds that because the rules were not fully implemented, banks were then able to use some of the principles that give them room for regulatory arbitrage and facilitate illicit financial flows (IFFs). The Basel banking norms supposed that regulatory capital would be a minimum of 10.5%, but equity to asset ratios computed for big banks fell by 1.2 percentage points between 2005 and 2015 and provisions for loan losses on assets increased 0.6 percentage points in the same period. The on-demand implementation of these standards puts the region at the mercy of an underground globalization that favors IFFs.
URI :	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/104017
Otros identificadores :	http://www.redalyc.org/articulo.oa?id=11866602004
Aparece en las colecciones:	Instituto de Investigaciones Económicas - IIEc/UNAM - Cosecha

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