Understanding Basel III, What is Different After December 2013 [NOOK Book]

Overview

There are so many different opinions about the role of the leverage ratio after the crisis.

In UK, The Chancellor of the Exchequer, George Osborne, has requested that the Financial Policy Committee conducts a review into the role for the leverage ratio within the capital framework for UK banks.

The letters between the Chancellor and the Governor of the Bank of England, Mark Carney are really interesting.

Mark ...

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Understanding Basel III, What is Different After December 2013

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Overview

There are so many different opinions about the role of the leverage ratio after the crisis.

In UK, The Chancellor of the Exchequer, George Osborne, has requested that the Financial Policy Committee conducts a review into the role for the leverage ratio within the capital framework for UK banks.

The letters between the Chancellor and the Governor of the Bank of England, Mark Carney are really interesting.

Mark Carney answered that "judgement on the appropriate calibration for a leverage standard cannot be made until the exact definitions for the leverage ratio are finalised.

These definitions are due to be agreed internationally by the Basel Committee on Banking Supervision early in the New Year.

In light of that, the European Union will finalise its rules on the disclosure of leverage ratios, ahead of their coming into effect on 1 January 2015.

Important elements of the resolution regime for systemic banks will also fall into place during 2014: the rules to introduce a Recovery and Resolution Directive within the European Union are set to be finalised; the Financial Stability Board is due to publish proposals on the quantum and location of gone concern loss absorbing capacity required to support resolvability; and the implementation of national structural reform measures, following the recommendations of the Independent Commission on Banking, are due to be assessed."

He continued:

"There is also a compelling logic to being able to move that minimum in the light of any variations in the corresponding risk-weighted standards.
Were the FPC to direct the regulators to increase risk-weighted standards without a proportionate increase in the leverage standard, there would be an incentive for banks to concentrate their balance sheets in apparently low-risk assets, or to understate the risks on existing assets.

For similar reasons, the Independent Commission on Banking recommended that ring-fenced banks be subject to a proportionally higher leverage ratio requirement, in line with the higher-risk weighted minimum requirements they will face."

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Product Details

  • BN ID: 2940045547963
  • Publisher: George Lekatis
  • Publication date: 12/28/2013
  • Series: Understanding Basel III, #10
  • Sold by: Smashwords
  • Format: eBook
  • File size: 6 MB

Meet the Author

George Lekatis is the General Manager of Compliance LLC, a leading provider of risk and compliance training and executive coaching in 36 countries.George has more than 17,000 hours experience as a professional speaker and seminar leader. He has worked for more than 18 years as a management consultant and educator and has demonstrated exceptional presentation and communication skills.George is the president of the Basel ii Compliance Professionals Association (BCPA, basel-ii-association.com), the largest association of Basel ii professionals in the world, and the Basel iii Compliance Professionals Association (BiiiCPA, basel-iii-association.com), the largest association of Basel iii professionals in the world.George is also president of the Sarbanes Oxley Compliance Professionals Association (SOXCPA, sarbanes-oxley-association.com), the largest Association of Sarbanes Oxley professionals in the worldGeorge is an expert witness, qualified to investigate and testify about risk and compliance management standards, policies, procedures, best practices, due care and due diligence.
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