Pub Date : 2018-11-19DOI: 10.1515/9783110621495-002
W. Coen
On 7 December 2017, the Group of Central Bank Governors and Heads of Supervision (GHOS) concluded an intensive and difficult round of negotiations by endorsing the final Basel III package of reforms. This wrapped up the fundamental reform of the global regulatory framework for banks which had been initiated in response to the financial crisis. The first part of the Basel III reform package, which defined far stricter capital, liquidity and leverage ratio standards, was adopted by the Basel Committee on Banking Supervision back in 2010. The December 2017 round of reforms amend the requirements for the calculation of credit and operational risk which banks are expected to back with capital. Updated minimum capital requirements for market risk had been adopted by the GHOS at the beginning of 2016.
2017年12月7日，中央银行行长和监管负责人小组(GHOS)结束了一轮紧张而艰难的谈判，通过了最终的《巴塞尔协议III》改革方案。这就结束了为应对金融危机而发起的全球银行监管框架的根本改革。早在2010年，巴塞尔银行监管委员会(Basel Committee on Banking Supervision)就采纳了巴塞尔协议III改革方案的第一部分，其中规定了更为严格的资本、流动性和杠杆率标准。2017年12月的一轮改革修改了计算信贷和操作风险的要求，银行应该用资本来支持这些要求。2016年初，GHOS通过了针对市场风险的最新最低资本要求。
{"title":"Finalising Basel III","authors":"W. Coen","doi":"10.1515/9783110621495-002","DOIUrl":"https://doi.org/10.1515/9783110621495-002","url":null,"abstract":"On 7 December 2017, the Group of Central Bank Governors and Heads of Supervision (GHOS) concluded an intensive and difficult round of negotiations by endorsing the final Basel III package of reforms. This wrapped up the fundamental reform of the global regulatory framework for banks which had been initiated in response to the financial crisis. The first part of the Basel III reform package, which defined far stricter capital, liquidity and leverage ratio standards, was adopted by the Basel Committee on Banking Supervision back in 2010. The December 2017 round of reforms amend the requirements for the calculation of credit and operational risk which banks are expected to back with capital. Updated minimum capital requirements for market risk had been adopted by the GHOS at the beginning of 2016.","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75213580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-018
C. Borio
{"title":"The geographical consequences of Basel III","authors":"C. Borio","doi":"10.1515/9783110621495-018","DOIUrl":"https://doi.org/10.1515/9783110621495-018","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84281116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-013
Laurie Mayers
{"title":"Credit implications of Basel III – the analyst and investor’s perspective","authors":"Laurie Mayers","doi":"10.1515/9783110621495-013","DOIUrl":"https://doi.org/10.1515/9783110621495-013","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80643315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-017
S. Shirakawa
{"title":"Basel III – The view from Asia","authors":"S. Shirakawa","doi":"10.1515/9783110621495-017","DOIUrl":"https://doi.org/10.1515/9783110621495-017","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88475072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-007
M. Merlin
{"title":"The view from Brussels","authors":"M. Merlin","doi":"10.1515/9783110621495-007","DOIUrl":"https://doi.org/10.1515/9783110621495-007","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80155884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-016
C. Ossig
{"title":"Geographic consequences of Basel III: effects on Europe","authors":"C. Ossig","doi":"10.1515/9783110621495-016","DOIUrl":"https://doi.org/10.1515/9783110621495-016","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73228963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-fm
{"title":"Frontmatter","authors":"","doi":"10.1515/9783110621495-fm","DOIUrl":"https://doi.org/10.1515/9783110621495-fm","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90526041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-19DOI: 10.1515/9783110621495-010
I. Schnabel
{"title":"But have we gone far enough?","authors":"I. Schnabel","doi":"10.1515/9783110621495-010","DOIUrl":"https://doi.org/10.1515/9783110621495-010","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90754908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-01DOI: 10.1515/9783110621495-009
C. Goodhart
The critical academic literature on capital adequacy requirements (CARs) has mostly focussed on whether these required ratios are high enough, see for example Miles, et al. (2012) and Admati and Hellwig (2013); in recent years this has been accompanied by discussion of whether bail-inable bonds and co-cos (contingent convertible bonds) can act in some part as substitutes for equity within TLAC (total loss absorbing capital) and its close cousin MREL (minimum requirement for own funds and eligible liabilities). Partly because so much careful attention has already been given to this issue, not least in the associated Chapter by Prof. Schnabel, with whom I shared the conference session on this subject, I shall herewith bypass these issues. Instead, I would discuss four wider matters relating to the work of the Basel Committee on Banking Supervision (BCBS). I shall argue that there are several facets of regulation to which the authorities have not given sufficient attention.
{"title":"Have the regulatory authorities done enough?","authors":"C. Goodhart","doi":"10.1515/9783110621495-009","DOIUrl":"https://doi.org/10.1515/9783110621495-009","url":null,"abstract":"The critical academic literature on capital adequacy requirements (CARs) has mostly focussed on whether these required ratios are high enough, see for example Miles, et al. (2012) and Admati and Hellwig (2013); in recent years this has been accompanied by discussion of whether bail-inable bonds and co-cos (contingent convertible bonds) can act in some part as substitutes for equity within TLAC (total loss absorbing capital) and its close cousin MREL (minimum requirement for own funds and eligible liabilities). Partly because so much careful attention has already been given to this issue, not least in the associated Chapter by Prof. Schnabel, with whom I shared the conference session on this subject, I shall herewith bypass these issues. Instead, I would discuss four wider matters relating to the work of the Basel Committee on Banking Supervision (BCBS). I shall argue that there are several facets of regulation to which the authorities have not given sufficient attention.","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90172766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Basel III: Are we done now?","authors":"S. Ingves","doi":"10.1515/9783110621495","DOIUrl":"https://doi.org/10.1515/9783110621495","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78104781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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