Wed, Sep 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Update: banks win on softening Basel III, global economy still losing

Wednesday, January 09, 2013

Bailey McCann, Opalesque New York:

In December, I reported on the recent announcement by both the US and the EU that they would need more time to implement Basel III, the latest round in regulatory risk management from the Bank of International Settlements(BIS). In the piece, we noted that even though US banks waited until the eleventh hour to ask for an ease in capital requirements proposed under the regulatory scheme, the response indicated some willingness to be flexible. On Sunday, following a meeting of bank governors, the BIS issued an announcement that said in essence, that the banks won. Banks now have until 2019 to become fully compliant with a softened Basel III - a move which will likely result in the rules becoming even more soft before then, as the world learns how unstable the banking system and global economy continues to be.

US banks have raised about half of what they would need to, to meet the capital requirements outlined under the previous rules. The EU, Brazil and the UK are also a bit short leaving primarily emerging markets and China, as those who were prepared to abide with the original January 1, 2013 implementation. The easing of these rules announced on January 6 includes expanded definitions of the quality and type of assets that can be counted to meet capital requirements in addition to the revised......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of