Abstract:

After the bankruptcy of Lehman Brothers in September 2008, the results of the efforts of G20 countries in order to reproduce global financial stability and to resolve imbalances in the system, known as Basel III has given to preparation of the new banking criteria. Spreading the effects of the emergence of major cost and inconvenience as a result of financial crisis to the other areas of economy with the financial sector for a long time period has shown that banking and financial system must be more resilient to crises arise in the future. For this purpose, in order to provide healtier and stronger structure to financial system especially banking sector, the neccesarity of making important reforms such as liquidity, improving quality of capital, taking into account the economic cycle has emerged. In this study, innovations and intended application process that aimed with Basel III to international banking system will be evaluated in the context of the needs of the financial system.

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