The evolution of prudential regulation between the financial crisis and the health crisis

Résumé

The context of this research comes particularly after the occurrence of subprime financial crisis in 2007 and the health crisis that occurred at the end of 2019, which put the four corners of the world in endless turmoil. The main objective of this article is to highlight the new Basel Accord 4, whose implementation of his recommendations will be spread over a period of 11 years (2017-2028) as well as its challenges and prospects after three decades of implementation of Basel regulations (since 1988). A few months before the start of implementation of this reform, initially planned for January 2022 and postponed until 2023 due to the health crisis, we will focus on clarifying the changes made by this new Basel Accord, by showing its contribution and impact on the financial system in view of the current international economic circumstances, particularly after the spread of Covid-19 which has impacted and disrupted the global economy. Nevertheless, the stakes are high for the banks, mainly because a global financial crisis could arise in the near future.