Becoming operational in 2007, the Basel Capital Accord initiative is an effort to bring order to international capital markets and level the playing field for banks. Bottom line, officials hope to align capital with the risks faced by banks. However, despite the worldwide endorsements by regulators, the Accord may not be the "sure thing" everyone hopes it will be. It is very costly to implement and is not suitable for all banks. The question remains, though: Will it succeed? Gathering perspectives from the top minds in the field of international banking and finance, Gup's intriguing book The New Basel Capital Accord offers authoritative, provocative, and practical discussion and analysis of the impact of the Accord and discusses new opportunities for regulatory arbitrage.
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