Basel III versus Solvency II : an analysis of regulatory consistency under the new capital standards

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-7.xsd">
<mods version="3.7">
<titleInfo>
<title>Basel III versus Solvency II</title>
<subTitle>: an analysis of regulatory consistency under the new capital standards</subTitle>
</titleInfo>
<name type="personal" usage="primary">
<namePart>Laas, Daniela</namePart>
</name>
<name type="personal">
<namePart>Franziska Siegel, Caroline</namePart>
</name>
<typeOfResource>text</typeOfResource>
<genre authority="marcgt">periodical</genre>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">esp</placeTerm>
</place>
<dateIssued encoding="marc">20171204</dateIssued>
<issuance>continuing</issuance>
<frequency authority="marcfrequency"/>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
</physicalDescription>
<abstract>This article provides a critical analysis of the consistency of the standard approaches for market and credit risks under Solvency II and the current and forthcoming Basel III standards. The comparability is assessed both theoretically via a detailed comparison of the capital standards and in a numerical analysis that contrasts the capital charges for a stylized portfolio. Our examination reveals substantial discrepancies in the design of the frameworks. These lead to vastly differing capital requirements for the same risks. Moreover, the analysis indicates higher charges for banks than insurers, especially under the proposed new Basel III standard approaches. </abstract>
<note type="statement of responsibility">Daniela Laas, Caroline Franziska Siegel</note>
<subject>
<topic>Solvencia II</topic>
</subject>
<subject>
<topic>Mercado de seguros</topic>
</subject>
<classification authority="">219</classification>
<relatedItem type="host">
<titleInfo>
<title>The Journal of risk and insurance</title>
</titleInfo>
<originInfo>
<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
</originInfo>
<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
<part>
<text>04/12/2017 Volumen 84 Número 4 - diciembre 2017 , p. 1231-1267</text>
</part>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">180109</recordCreationDate>
<recordChangeDate encoding="iso8601">20180111134239.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20180000225</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>