Bank capital reforms: initial effects of Basel III on capital, credit, and international competitiveness : report to the Chairman, Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, House of Representatives.

Bank capital reforms: initial effects of Basel III on capital, credit, and international competitiveness : report to the Chairman, Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, House of Representatives.

by U.S. Government Accountability Office

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Overview

"
The 2007-2009 financial crisis revealed that many U.S. and international banks lacked capital of sufficient quality and quantity to absorb substantial losses. In 2010, the Basel Committee (the global standard-setter for prudential bank regulation) issued the Basel III framework-comprehensive reforms to strengthen global capital and liquidity standards with the goal of promoting a more resilient banking sector. In 2013, federal banking regulators adopted regulations to implement the Basel III-based capital standards in the United States, which generally apply to U.S. bank holding companies and banks and are being phased in through 2019. Some market participants have raised questions about the potential negative impact of the regulations on U.S. banks, including on their lending and competitiveness.
This report examines how (1) the U.S. Basel III regulations may affect U.S. banks, including smaller ones, and (2) implementation of Basel III by different countries and other jurisdictions may affect U.S. banking organizations' international competitiveness. To address the objectives, GAO analyzed data from financial filings; conducted legal and economic analysis; reviewed empirical studies, federal regulations, and agency documents; and interviewed regulators, U.S. and foreign banks, and industry associations.
GAO makes no recommendations"

Product Details

ISBN-13: 9781973962953
Publisher: CreateSpace Publishing
Publication date: 07/28/2017
Pages: 80
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

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