Current proposals would transfer risk to consumers and increase price of guarantees, argues consultancy
Banks using a PIT model instead of a TTC model may receive a capital saving for the Basel III counter-cyclical capital buffer but such an approach might not be viewed as within the spirit of the rules...
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More Pro-cyclicality articles
The new Basel III framework had to be drawn up at warp speed, but regulators have compensated with an extended transition period and will be looking out for unintended consequences, Karen Kemp of the Hong Kong Monetary Authority tells Duncan Wood
The Basel Committee on Banking Supervision published details on the calibration of its new counter-cyclical buffer in September, along with plans for an additional capital conservation buffer. However, more work is needed to ensure the cyclicality of...
Mitigating pro-cyclicality in the regulatory capital framework was one of the principal objectives of Basel III, but serious concerns surround the counter-cyclical capital buffer proposal, while efforts to dampen cyclicality in minimum requirements appear...
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
Committee publishes paper on counter-cyclical capital and defers recommendations on Basel III to oversight board meeting on July 26
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Hong Kong, 1st - 31st Dec 2014
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