%0 Journal Article %T ACTUAL STAGE OF DEVELOPMENT FOR BASEL II AND EFFECTS ON ROMANIAN FINANCIAL SYSTEM SOUNDNESS %A BOGDAN FIRTESCU %J Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series %D 2007 %I %X This article draws attention to the actual stage of Basel II implementation in Romania and its effects on financial system stability. An overview of the Basel I and II Accords and their possible future outcomes are debated. Some significant features of the law that approves Basel II framework in Romania are taken into discussion. %K Basel I and II Accords %K financial system stability %K bank capital %K loan loss reserves %K minimal capital requirement %K Central Bank %K commercial banks. %U http://anale.feaa.uaic.ro/anale/resurse/12_Firtescu_B_-_Actual_stage_of_development_for_Basel_II_and_effects_on_romanian_financial_system_soundness.pdf