Regulators Push for Global Rule on Bank Capital

Economic and Mark of the Beast
prophecy-related information

Regulators Push for Global Rule on Bank Capital

Postby denise on Wed May 26, 2010 12:26 am

http://dealbook.blogs.nytimes.com/2010/ ... k-capital/


May 25, 2010

Regulators Push for Global Rule on Bank Capital

The Obama administration is pursuing an international agreement to make banks hold significantly larger reserves, which it regards as essential to increase the stability of the global financial system. It wants to complete the negotiations, which are being coordinated by the Basel Committee on Banking Supervision, by the end of the year.

The world’s largest banks have responded with consternation, arguing that the proposed standards would tie up too much money that otherwise could be used for lending, a loss that would curtail economic growth.

The debate between regulators and banks is about the proper balance of growth and safety, but the implications are much broader. In fixing reserve requirements, governments are deciding how much horsepower belongs under the hood of the global economy.

“We need them to get the balance right,” said Douglas J. Elliott, a Brookings Institution expert who has studied the Basel proposals. “More safety will make loans more expensive. We don’t want to buy so much safety that the economy suffers.”



Who else do we know that's a member of the Brookings Institute...

:humm:

Could it be, perhaps... Javier Solana?

http://en.wikipedia.org/wiki/Basel_III

BASEL III (sometimes "Basel 3") refers to a new update to the Basel Accords that is under development. While the Bank for International Settlements (BIS) does not currently specify this work as "Basel III", the term has appeared in the literature as early as 2005 [1] and is now in common usage[2][3] anticipating this next revision to the Basel Accords.

(snip)

Overview
In response to the recent financial crisis, the Basel Committee on Banking Supervision (BCBS) set forth to update their guidelines for capital and banking regulations:

This consultative document presents the Basel Committee's proposals to strengthen global capital and liquidity regulations with the goal of promoting a more resilient banking sector. The objective of the Basel Committee's reform package is to improve the banking sector's ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy.

On December 19, 2009 the BCBS issued a press release[5] which presented to the public two consultative documents for review and comment:

Strengthening the resilience of the banking sector
International framework for liquidity risk measurement, standards and monitoring


(snip)

Key Dates / Proposed Timeline

December 19, 2009
(actual) BIS published documents for public review/comment

April 16, 2010
(actual) End of the public comment period

June 30, 2010 Comprehensive impact assessment & calibration

December 31, 2010 Fully calibrated set of standards will be developed

December 31, 2011 All major G-20 financial centers commit to have
adopted the Basel II Capital Framework by 2011

December 31, 2012 Target for implementation of Basel III
Standfast therefore in the Liberty which Christ has made you free
and be not entangled again with the yoke of bondage.


Galations 5:1
User avatar
denise
 
Posts: 3951
Joined: Mon Mar 13, 2006 1:26 pm
Location: Georgia

Re: Regulators Push for Global Rule on Bank Capital

Postby denise on Wed May 26, 2010 1:02 am

Standfast therefore in the Liberty which Christ has made you free
and be not entangled again with the yoke of bondage.


Galations 5:1
User avatar
denise
 
Posts: 3951
Joined: Mon Mar 13, 2006 1:26 pm
Location: Georgia


Return to Economic/MOB Watch

Who is online

Users browsing this forum: No registered users and 1 guest