---
_id: '57940'
abstract:
- lang: eng
  text: "<jats:title>ABSTRACT</jats:title>\r\n               <jats:p>Accountability
    is a key concern for international standard setters. If transnational actors set
    standards instead of national democratic authorities, then the standard setters
    might suffer from ‘apparent’ deficits in their democratic accountability and oversight.
    Consequently, most international standard setters rely on different processes
    to enhance their accountability and transparency to mitigate concerns about their
    own standards. Ensuring accountability is already a major challenge for a single
    or homogenous set of rules or standards. So how can a supranational body design
    legitimate rules that rest on the standards of another very different supranational
    standard setter? This study examines the accountability and transparency concerns
    from the interaction of supranational standard setters that have different objectives.
    Therefore, I investigate the processes of prudential regulation based on the capital
    adequacy standard of the Basel Committee on Banking Supervision that relies on
    the financial accounting standards set by the International Accounting Standards
    Board. The results show flaws with respect to accountability in the regulatory
    process that involves another standard setter and how the prudential regulator
    reacts to these flaws to ensure a higher degree of accountability in its banking
    regulation.</jats:p>"
author:
- first_name: Jan
  full_name: Riepe, Jan
  id: '86351'
  last_name: Riepe
citation:
  ama: 'Riepe J. Basel and the IASB: Accountability Interdependencies and Consequences
    for Prudential Regulation. <i>Journal of International Economic Law</i>. 2019;22(2):261-283.
    doi:<a href="https://doi.org/10.1093/jiel/jgz012">10.1093/jiel/jgz012</a>'
  apa: 'Riepe, J. (2019). Basel and the IASB: Accountability Interdependencies and
    Consequences for Prudential Regulation. <i>Journal of International Economic Law</i>,
    <i>22</i>(2), 261–283. <a href="https://doi.org/10.1093/jiel/jgz012">https://doi.org/10.1093/jiel/jgz012</a>'
  bibtex: '@article{Riepe_2019, title={Basel and the IASB: Accountability Interdependencies
    and Consequences for Prudential Regulation}, volume={22}, DOI={<a href="https://doi.org/10.1093/jiel/jgz012">10.1093/jiel/jgz012</a>},
    number={2}, journal={Journal of International Economic Law}, publisher={Oxford
    University Press (OUP)}, author={Riepe, Jan}, year={2019}, pages={261–283} }'
  chicago: 'Riepe, Jan. “Basel and the IASB: Accountability Interdependencies and
    Consequences for Prudential Regulation.” <i>Journal of International Economic
    Law</i> 22, no. 2 (2019): 261–83. <a href="https://doi.org/10.1093/jiel/jgz012">https://doi.org/10.1093/jiel/jgz012</a>.'
  ieee: 'J. Riepe, “Basel and the IASB: Accountability Interdependencies and Consequences
    for Prudential Regulation,” <i>Journal of International Economic Law</i>, vol.
    22, no. 2, pp. 261–283, 2019, doi: <a href="https://doi.org/10.1093/jiel/jgz012">10.1093/jiel/jgz012</a>.'
  mla: 'Riepe, Jan. “Basel and the IASB: Accountability Interdependencies and Consequences
    for Prudential Regulation.” <i>Journal of International Economic Law</i>, vol.
    22, no. 2, Oxford University Press (OUP), 2019, pp. 261–83, doi:<a href="https://doi.org/10.1093/jiel/jgz012">10.1093/jiel/jgz012</a>.'
  short: J. Riepe, Journal of International Economic Law 22 (2019) 261–283.
date_created: 2025-01-06T08:32:38Z
date_updated: 2025-01-06T08:32:49Z
doi: 10.1093/jiel/jgz012
intvolume: '        22'
issue: '2'
language:
- iso: eng
page: 261-283
publication: Journal of International Economic Law
publication_identifier:
  issn:
  - 1369-3034
  - 1464-3758
publication_status: published
publisher: Oxford University Press (OUP)
status: public
title: 'Basel and the IASB: Accountability Interdependencies and Consequences for
  Prudential Regulation'
type: journal_article
user_id: '91345'
volume: 22
year: '2019'
...