Is the counter-cyclical toolbox incomplete?
Regulators double down
European Parliament’s rapporteur for CRD IV suggests Basel III will hit European banks hardest and adjustments will be needed when the standards are transposed into European law
Discussions are already under way behind closed doors, knock-on effects for bank capital could be substantial
Financial Stability Board chairman Mario Draghi says resolution regimes for systemically important banks operating across borders need not be bogged down in political tensions
G20 leaders at Seoul summit identify areas in which further progress in needed, calling on Financial Stability Board to take the lead and drive reform; ask FSB to report on what extra resources it needs
FSB sets out broad direction for special treatment, but admits the possible need for national discretion.
"You can't leave the monkeys in charge of the bananas," supervisor argues on opening day of conference.
Finma official hits back at industry criticisms of counterparty risk charge, but concedes political pressure to hurt OTC market is undeniable
Liquidity coverage ratio as it stands will cause problems for Hong Kong banks, says head of banking policy at the Hong Kong Monetary Authority
Throwing the book
Basel’s new 7% equity capital minimum welcomed
New rules mean banks will have to load-up on government debt, but one apparent beneficiary - debt management offices - are against the idea
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
Basel Committee on Banking Supervision identifies eight issues it is working on as Basel III reform package heads into the political sphere
Basel Committee’s Peter Praet acknowledges disagreement; Charles Goodhart warns lack of consensus will stop central banks acting to stem financial imbalances
In praise of higher capital
Basel's new 7% equity capital minimum met with relief
Basel Committee’s proposal to increase bank liquidity through sovereign bonds could hinder efforts to meet capital ratio targets, conference hears