Acordos de Basiléia: uma regulação financeira internacional e seus impactos sobre os bancos de desenvolvimento

Abstract

The financial regulation was responsible for giving the operating rules for a system that can display a number of market failures, among them, incompleteness markets. However, it appears that the rigidity shown by the recent regulation on Development Banks (DB) may prove a real double-edged sword, with negative aspects on the performance of these agents. Given this importance, particularly for developing countries, it needs an analysis of the external impositions that may have a direct impact on how these agents (DB) perform its function. On top of the regulatory measures for the financial system, we have the Basel Accords (I, II and III), which expose the international view on the financial institutions and governing how these should behave. This work has the focus to examine the importance of these regulatory measures for the financial system; the reasons and the basis for the creation of the Basel Committee and examine the main proposals of the Agreement. The aim is, by means of descriptive and qualitative analysis of the agreements, show the effects on the Development Banks. It will use secondary data, such as the Central Bank of Brazil and research in scientific journals, dissertations and theses will be used. Preliminary results with descriptive and qualitative analysis reveal that the agreements, although they contribute to the order and balance in the international financial system, have negative aspects, when dealing with the Development Banks, traditional long-term lenders in emerging countries, with the same criteria of commercial banks, the disadvantage in their opportunities for growth. In developing economies, where much of the long-term productive capital is coming from DB, as is the case of Brazil, the effects of the agreements can be critical for the future growth trajectory.