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The Likely Impact of the Basel II Accord on Shipping Finance
Finance & Accounting
Pages 32 (8032 words)
The Likely Impact of the Basel II Accord on Shipping Finance Student Name Student ID E-mail address Supervisor Name Program Academic Year Semester March 31, 2012 Abstract The shipping industry is not well prepared to deal with requirements imposed by Basle II because of the sensitivity to economic instability, and the operations nature of the industry.
The aim of the accord is to impose a formula that is used by banks to access risk before lending to any organisation. Shipping industry has a unique risk that affects the financial performance. The paper looked at risk assessment applied by financial institutions as imposed by Basel II accord and the behaviour of shipping industry (Bookstaber R., 2007, p.71). The analysis that was carried out included economic simulations, case studies before and after the implementation and the accord. It deals with concepts of Basel II enable one understand the lender-borrower dynamic within the context of ship finance and illustrates the notable economic and political factors that have contributed to the international banking sector’s gradual shift toward a more stringent borrower-evaluation regime of the sort Basle II will create (Chandrasekhar & Ghosh, 2007, p.56). ...
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