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Task Ahead Is to Escape – WSJ.com
The Basel III rules aren’t even law yet in any country, yet bank chief executives are under pressure from investors to explain how they will deliver a commercial return on equity under the new rules by...
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Basel takes aim at Mega Bank – MacroBusiness
Deep T: On the one side we have an Australian housing market which is close to the most unaffordable in the world with mortgage debt at 100% of GDP also close to the highest of any country, yet Mega...
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FRB| Governor Tarullo: Regulatory Reform since the Financial Crisis
It is sobering to recognize that, more than four years after the failure of Bear Stearns began the acute phase of the financial crisis, so much remains to be done–in implementing reforms that have...
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Regulators Weigh Easing of Global Bank Rules – WSJ.com
Following months of intense industry pressure, regulators say they now plan to make it easier for banks to comply with a key provision of new international banking rules that will require lenders to...
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Financial ecosystems can be vulnerable too – FT.com
By Robert May [Andy Haldane, Financial Stability Director of the Bank of England] argues that complexity may obscure more than it illuminates. He illustrates this by comparing predictions about the...
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Back to Basics: A Better Alternative to Basel Capital Rules | Thomas M. Hoenig
FDIC Director Thomas Hoenig calls for a simple capital ratio of Tangible Equity/Tangible Assets instead of the complex measures proposed by Basel III. Using Tier 1 capital measured according to Basel...
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Capital Regulation after the Crisis: Business as Usual? | Martin Hellwig
This abstract from a 2010 paper by Martin Hellwig sums up the debate about overhauling the financial system: Whereas the Basel Committee on Banking Supervision seems to go for marginal changes here and...
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Regulatory blight — or finally seeing the light?
This comment by Tim Congdon (International Monetary Research Ltd) on the UK shadow Monetary Policy Committee refers to the “regulatory blight” on banking systems as regulators switch from risk-weighted...
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Basel committee willing to rethink complex bank rules | FT.com
Brooke Masters reports: The Basel Committee on Banking Supervision said in a discussion paper released on Monday that it shares the concern of critics who believe the main measure of bank safety – the...
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Vickers calls for doubling of bank capital levels | FT.com
“It is not very sensible to run a market economy on the basis of a banking system that is 33 times leveraged, let alone 40 or 50 times leveraged,” Sir John [Sir John Vickers, Oxford academic who...
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Keep bank regulation as simple as possible, but no simpler
Reading Andrew Bailey’s summary of what the Bank of England has learned about bank capital adequacy over the last decade, it strikes me that there are four major issues facing regulators. Firstly,...
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Global Bank Regulator Calls for Larger Capital Cushions | CFO
Matthew Heller reports that the Financial Stability Board, chaired by BOE Governor Mark Carney, is set to table fresh proposals at the upcoming G20 meeting in Brisbane. The world’s top 30 “systemically...
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