We find that compliance with the Basel Core Principles (BCPs) has a strong positive effect on the stability of conventional banks, and a positive but less pronounced effect on the stability of Islamic banks. We also find that the main impact of compliance is an increase in capital ratios, whereas other components of the Z-score are negatively affected. This reflects the desire of banks to be more closely integrated into the global financial system by holding higher capital ratios. The findings also justify the 2015 decision of the Islamic Financial Services Board to publish similar principles for Islamic banks.

中文翻译：

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巴塞尔合规与金融稳定：来自伊斯兰银行的证据

我们发现遵守巴塞尔核心原则（BCPs）对传统银行的稳定性有很强的积极影响，对伊斯兰银行的稳定性有积极但不太明显的影响。我们还发现合规的主要影响是资本比率的增加，而 Z 分数的其他组成部分受到负面影响。这反映了银行希望通过持有更高的资本比率更紧密地融入全球金融体系的愿望。调查结果还证明了伊斯兰金融服务委员会 2015 年决定为伊斯兰银行发布类似原则的决定。