Countercyclicality
Solvency II could be dangerous for whole economy, expert warns
Axa CFO warns of the counter-cyclical tools in Solvency II
Bank of Thailand concerned over ‘unintended consequences’ of Basel III
Thailand joins the Philippines and India in introducing Basel III capital adequacy requirements ahead of schedule but doubts remain over some aspects of the accord
“Solvency II is good for you”
“Solvency II is good for you”
Warm words from van Hulle on counter-cyclical tools, but questions remain
Warm words from van Hulle on counter-cyclical tools, but questions remain
EU member states want to use judgement to set buffer rules, says working paper
EU Polish presidency paper highlights concerns over aspects of the counter-cyclical capital buffer rules under CRD IV
From micro to macro: Basel III tools eyed as systemic risk controls
Keeping the lid on
Turner warns of capital requirements dilemma
FSA chair Adair Turner insists on the consideration of counter-cyclical macro-prudential policies in the run-up to regulatory structure overhaul
ECB opines on Basel countercyclical buffer
Central bank cautions against mechanical application of credit-to-GDP ratio for calibration
What Basel III means to us
What Basel III means to us
Basel Committee publishes final Basel III rules
The Basel Committee has finalised its Basel III package - but work in certain areas will continue into 2011
The Basel Committee needs teeth
Basel needs teeth
Is the counter-cyclical toolbox incomplete?
Is the counter-cyclical toolbox incomplete?
Regulators struggle to tackle pro-cyclicality
Tackling pro-cyclicality
Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
More discord over Basel III countercyclical buffers
Basel Committee’s Peter Praet acknowledges disagreement; Charles Goodhart warns lack of consensus will stop central banks acting to stem financial imbalances
Basel III: Banks fret about return on equity
Investors could shun bank equity if higher capital levels cause returns to slip
Subbarao concerned over Basel III countercyclical measures
Reserve Bank of India governor Duvvuri Subbarao cites concern over variable likely to be used to calibrate countercyclical buffers
Basel’s buffers won’t apply to op risk calculation
Basel Committee proposes capital buffer to be tied to macroeconomic indicators
OECD urges pension regulators to reduce importance of market consistency in stressed periods
OECD argues market values should not drive pension regulation
Basel Committee counter-cyclical proposals tie buffers to economic indicators
Committee publishes paper on counter-cyclical capital and defers recommendations on Basel III to oversight board meeting on July 26
Sponsor's article > Don't count on buffers
One possible mitigator of the pro-cyclical impact of risk-sensitive capital requirements would be counter-cyclical changes in capital buffers. Empirical evidence on this issue is scarce and a new regulatory capital regime could well induce a behavioural…