• Introduction 1: Richard Herring and Til Schuermann: Capital Regulation for Position Risk in Banks, Securities Firms, and Insurance Companies 2: Schott E. Harrington: Capital Adequacy in Insurance and Reinsurance 3: Howell E. Jackson: Consolidated Capital Regulation for Financial Conglomerates 4: Paul Kupiec: Using a Mandatory Subordinated Debt Issuance Requirement to Set Regulatory Capital Requirements for Bank Credit Risks 5: Mark J. Flannerty: No Pain, No Gain? Effecting Market Discipline via "Reverse Convertible Debentures" 6: Michel Crouhy, Dan Galai, and Robert Mark: The Use of Internal Models: Comparison of the New Basel Credit Proposals with Available Internal Models for Credit Risk 7: Andrew P. Kuritzkes and Hal S. Scott: Sizing Operational Risk and the Effect of Insurance: Implications for the Basel II Capital Accord 8: Philip A. Wellons: Enforcement of Risk-Based Capital Rules Index

This book, by lawyers, economists, and experienced financial specialists, evaluates various aspects of risk management and the associated needs of banks, securities firms, and insurance companies for capital...this is a useful source for anyone concerned with the evolution and well-being of the world financial system.