Finansal Kriz Sürecinde Basel II Uzlaşısı’nın Değerlendirilmesi ve Geliştirilen Basel III Kriterleri ile Karşılaştırılması*

Financial system is in a continuos development and changing process. As a result of improved technology and adapting legislation in parallel to this condition is increasing the complexity of financial instruments day by day. The complexity of financial instruments then increased risk with its diversity. Becoming complicated of risk and the possibility of transaction one instrument to other at present day has made difficult to measure the risk. The most concrete example of this situation, which confirms the ongoing world financial crisis. Although the financial crisis, which started in the United States in 2007 and spread to many different countries around the world, caused various arguments like questioning of current regulations in financial markets or a number of new agreements in the markets; at the same time, it showed how important the capital adequacy in banking sector and the risk management regulations are. Under these circumstances, to expect supplying ever changing markets’ and instruments’ needs at any time and in any way from Basel II Accord will not be rational. But, it will be more appropriate approach to emphasize the evolution and content of The Basel Accords improvement according to changing needs. In this study, as a result of that financial crisis, evolution process and content of Basel III criteria is going to be handled after proposed and predicted changes for assessing and developing Basel II Accord.