Basel III
Ingves addresses Basel 25th anniversary audience
Riksbank governor and Basel committee chair highlights five developments over the past quarter of a century, including a shift from a micro- to a macro-prudential perspective
Basel update shows biggest banks' CET1 position improving
Latest periodical review of progress towards Basel III standards shows the world's biggest banks are closing the gap on core Tier I capital requirements; US issues guidelines for Basel compliance
MAS's Menon says Basel rules could hit infrastructure finance
Basel III regulations could disincentivise long-term lending, particularly to private-sector projects, warns Monetary Authority of Singapore managing director Ravi Menon
FDIC chair discusses US effort to balance capital and leverage requirements
Martin Gruenberg says Basel III relies too heavily on capital ratios, potentially incentivising big banks to employ ‘imprudent' leverage strategies; discusses regulatory remedies
Scandinavians open macro-pru toolbox to cool overheated housing markets
Rising property prices, increasing household debt and towering banking sectors are pushing Norway, Sweden, and Denmark to consider unconventional measures to pre-empt a crash
Bank of England publishes banking primer to educate public
Article says role of prudential regulation is to ensure the soundness of banks by ensuring they have sufficient capital and liquidity to avoid disruption of critical services provided to the economy
Basel's Byres says 'single global rulebook' wouldn't work
Different jurisdictions require different financial rules, according to the secretary general of the Basel Committee on Banking Supervision, but efforts should be made to standardise risk weighting
Pakistan adds Basel III capital surcharge to allow for modelling shortfalls
State Bank of Pakistan outlines its Basel III capital requirements for domestic banks
Czech governor slams one-size-fits-all regulation
CNB workshop considers impact of Basel III on emerging and smaller economies; participants consider the unintended consequences of both capital and liquidity rules
BIS sizes up derivatives reforms and Basel III progress
Bank for International Settlements releases one report on the expected benefits and costs of OTC derivative reforms, and another on countries’ progress in implementing Basel III
RBA to provide A$300 billion for committed liquidity facility
RBA contribution will ‘not materially impact' its balance sheet, says deputy Debelle; banks will pay a penalty rate to access the CLF, which will help them meet Basel III liquidity requirements
Sarb issues new collateral requirements for committed liquidity facility
While revisions to Basel III have reduced South African banks' immediate LCR shortfall, they are still 140 billion rand short, according to the central bank
Fed’s Tarullo hints at global interest in 6% leverage ratio
Daniel Tarullo says the US leverage ratio must be increased to ensure it effectively supports risk-based capital measures; proposal has generated interest from regulators abroad
Fed and FDIC agree 6% leverage ratio for US Sifis
Banking agencies announce rules to increase organisations' leverage ratios; measures remain controversial with the banking lobby and regulators, notably FDIC's Hoenig
Basel Committee finds ‘considerable variation' in bank risk-weights
Variation in bank risk-weights 'driven by diversity in bank and supervisory practices', says Basel Committee as it also moves to strengthen oversight of investments in equity funds
FX clearing driven by capital and collateral costs rather than mandate
As mandatory NDF clearing has been delayed, the likely increase in capital and collateral requirements for FX trades is forcing some to consider clearing ahead of the mandate
No CVA exemptions in US Basel III rules
Europe isolated as US regulators opt for broad counterparty risk charge
Fed board member highlights 'especially daunting' challenge of cross-border bank resolution
Jerome Powell says new American approach could serve as a 'simplifier – making theoretically possible something that seemed impossibly complex'
Federal Reserve adopts Basel III for US banks
Fed Board unanimously votes to introduce new capital requirements as of January 1; Daniel Tarullo says additional measures will follow including proposals for a higher leverage ratio
Basel leverage ratio would double up collateralised OTC positions
Ratio could be a 'game-changer', dealers warn, as Basel Committee proposes counting received collateral as well as derivatives exposures
Basel Committee reveals leverage ratio formula
Proposals detail leverage ratio calculation framework and disclosure requirements that will enter force in 2015; committee keeps options open for a higher leverage ratio than originally planned
Switzerland passes Basel III implementation test
Assessment finds country ‘compliant’ overall with Basel III capital framework, although a number of regulations had to be tweaked to make the grade
Belgian supervisor warns against Basel III over-simplification
National Bank of Belgium’s Rudi Bonte calls for the Basel Committee to take a ‘moderate’ stance on the trade-off between simplicity and complexity in its risk and capital rules
Fed's Plosser calls for a move to simple, but higher, capital requirements
Philadelphia Fed president says there is no better example of over-complex rule writing than risk-weighted capital calculations - and calls for a shift to simpler rules which are harder to evade