Archive for the ‘BCBS’ Category

BCBS164/165 Consultation – Responses are up

April 19, 2010

I just checked on the BCBS website – they now have published the responses to the BCBS164/BCBS165 consultation. 244 responses, 106.3MB on disk to be precise (…and no, they dont provide a zip file, you have to download every single one of them…).

Cursory review showed that everyone was there – trade associations, banks, industry, academics. Even a gentleman from Microsoft replied

Not sure when (…and if…) I will be able to sift through, but I will keep you posted.

Update: more responses coming in – my count is now at 250 documents, 109.1 MB on disk. CRD4 consultation documents still not up yet

Basel III – Today’s the (T-2) day!

April 14, 2010

On 16 April 2010 is the deadline for submission for comments for the new Basel III regulations BCBS 164, and also the liquidity regulations BCBS 165, and also for CRD4. Cant wait to see what the people have to say…

As you probably now, a number of interesting features in this package:

  • Redefinition of capital
    • Core is king
    • No more Lower Tier 2 and Tier 3
    • No more deferred tax assets
    • No more minority interest (in core)
  • Risk coverage of the capital framework
    • Securitisations and Re-securitisations
    • Counterparty credit
    • Central counterparties
    • Riskweights for financial institutions
  • Introduction of a leverage ratio
    • Off-balance sheet items
    • Netting
  • Liquidity requirements
    • Short term liquidity ratio
    • Structural liquidity ratio
    • Common set of measures

Keep you posted!!!