Seminar paper from the year 2017 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 81, University of Westminster, language: English, abstract: In 2010, the Basel Committee on Banking Supervision (BCBS) initiated a raft of reforms to the banking regulation, dubbed Basel III, introducing new liquidity and leverage ratios and strengthening the banks' capital requirements ratio with an aim of improving their ability to absorb shocks whilst refining risk management approaches and tightening the banks' disclosures requirements substantially. This article examines key reforms that were brought by Basel III vis-a-vis the propositions of Basel I and II in reducing bank failures and risk levels using emerging markets (e.g. Africa) as a case study.

Author Biography

Richard is a professional Accountant and a full member of the Institute of Certified Public Accountants of Kenya (ICPAK). He is an enthusiastic researcher and a part-time Accounting/Finance lecturer, teaching Corporate Reporting and CPA's Financial Reporting. He holds a distinction overall in MSc Finance Banking and Insurance degree from the University of Westminster (UK) where he was also honored with two academic prizes/award (namely; Westminster Business School Prize for Outstanding Postgraduate Student and Westminster Business School Prize for Outstanding student in MSC Finance, Banking, and Insurance ) and has previously worked for the Government of Kenya and University of Eldoret, Kenya.