More About the Course
  1. Online
  2. English
  3. Certificate - Essentials of Banking Regulation and Basel III
  4. 5 weeks
  5. 05/03/2013
Essentials of Banking Regulation and Basel III
Monday, April 29, 2013
Friday, May 31, 2013
Unita: +41 (0)22 917 88 29

The international financial crisis of 2007-2009 and its aftermath have become known as the Great Recession and is the most severe financial crisis since the Great Depression of 1929-1933. Many industrial countries suffered severe financial turmoil, economic contraction and government debt problems, the result of which will be seen for many years to come. Developing countries were also hit, mainly because of the reduced demands for their exports from industrial countries, but also because of reduced financial flows. The crisis has revealed many shortcomings in the functioning and regulation of financial markets, as well as in the behaviour of role players in the markets. Prior to the crisis, international cooperation on banking regulation had resulted in two multilateral accords, named Basel I and Basel II, which were developed under the leadership of the Basel Committee on Banking Supervision. Basel III was concluded in December 2010 (revised in June 2011) as a “global regulatory framework for more resilient banks and banking systems”.