Basel III
WHAT IS THIS? Basel III is a set of bank soundness rules drawn up by the Basel Committee on Banking Supervision in response to the financial crisis. It hikes the minimum amount of capital banks must hold, introduces new leverage and liquidity ratios, and limits the use of internal models.
FSA's Turner: RWA divergence would undermine Basel III
FSA chair highlights growing concern about foundation of risk-based regulatory capital system
Excessive capital requirements will make markets more chaotic – Myron Scholes
Nobel winning quant makes the case for market-making as a stabilising force and a source of returns
Council of Europe pushes full implementation date of Solvency II back to 2019
Full impact of Solvency II’s interest rate term structure will not be felt until seven years after the directive’s introduction
Risk & Return Brasil: Supervisors need to be more curious, says Maia
Authorities should put less faith in numbers and what they are told by banks, says top Brazilian supervisor
LCR should include equity, says ACP’s Nouy
Basel III liquidity coverage ratio should admit equities with significant haircuts, says Danièle Nouy at the Autorité de Contrôle Prudentiel
Basel III liquidity rules won't be watered down in Europe, says ACP's Nouy
Autorité de Contrôle Prudentiel secretary-general Danièle Nouy says looser language in the CRD IV draft won't ultimately mean weak rules in Europe
Basel Committee continues to reject equity for the LCR
Equities do not have the necessary characteristics to be included in the liquidity coverage ratio, says general secretary Stefan Walter – but some banks disagree
Basel III liquid asset definitions loosened in CRD IV draft
Draft legislation seen by Risk contains less prescriptive language on what counts as an eligible liquid asset under the liquidity coverage ratio
Dealers push for further CVA amendments under Basel III
Adjusting the adjustments
Supervisors seek to manage shadow banking risks
Chasing shadows
Asia’s banks move to meet new capital and liquidity rules
A capital plan
Industry models not sufficiently developed to calculate CVA charge, says Basel Committee
Basel Committee sticks to its decision not to allow banks to use their own models to calculate the CVA capital charge under Basel III
US regulators uneasy with Collins Amendment
Bank supervisors echo industry concerns about Dodd-Frank capital and leverage rules
Banks look to offload structured credit assets as prices recover
Making good on bad assets
Banks wary of uneven application of Basel III bank capital rules
Battle over Basel
New loan-loss reserve requirement under Basel III set to crimp profits at Chinese banks
A new 2.5% minimum loan-loss reserve requirement to be implemented in China under Basel III is likely to reduce the ability of banks to distribute profits to shareholders
Sheer volume of new regulations is 'risk in itself'
Banks struggling to cope with implementing the wave of new legislation might miss indications of another crisis
Bank of Cyprus CoCoCo exchange offer arouses curiosity
The second-largest bank in Cyprus is in the market with an offer to convert shares into convertible contingent capital securities, but is it a curiosity piece or the genuine article?
Impact of regulatory reform only 50% understood, warns KPMG's Topping
A substantial amount of the regulatory reform sweeping the US and Europe is still little understood and Asian institutions have yet to get to grips with the full impact of these changes, say speakers at industry event in Hong Kong. Intra-day data and new…
Australian banks still face many liquidity challenges
The liquidity conundrum
Collateral: look, but don’t touch
Collateral: look, but don’t touch
Push for lower Tier II capital fund raising prior to window closing
Investment banks are urging financial institution clients to issue old-style lower Tier II capital before the window closes on January 1, 2013, when the full force of Basel III capital rules come into effect.
Supervisors on the tracks of shadow banks
Chasing shadows