Endnotes

1 Basel Committee on Banking SupervisionProposed enhancements to the Basel II framework Consultative Document January 2009

2 CRO Forum Addressing the pro-cyclical nature of Solvency II November 2008

3 A.K. Kashyap, R.G. Rajan, J.C. Stein, Rethinking capital regulation Paper prepared for Federal Reserve Bank of Kansas City symposium on “Maintaining Stability in a Changing Financial System.” August 21–23, 2008

4 See, for example M.J. Flannery, No pain, no gain? Effecting market discipline via reverse convertible debentures HS Scott, Capital adequacy beyond Basel: Banking securities and insurance 2005 Oxford University Press Oxford Chapter 5

5 See, for example L. Summers, Six principles for a new regulatory order. Financial Times ...

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