{"title":"Finalising Basel III","authors":"W. Coen","doi":"10.1515/9783110621495-002","DOIUrl":"https://doi.org/10.1515/9783110621495-002","url":null,"abstract":"On 7 December 2017, the Group of Central Bank Governors and Heads of Supervision (GHOS) concluded an intensive and difficult round of negotiations by endorsing the final Basel III package of reforms. This wrapped up the fundamental reform of the global regulatory framework for banks which had been initiated in response to the financial crisis. The first part of the Basel III reform package, which defined far stricter capital, liquidity and leverage ratio standards, was adopted by the Basel Committee on Banking Supervision back in 2010. The December 2017 round of reforms amend the requirements for the calculation of credit and operational risk which banks are expected to back with capital. Updated minimum capital requirements for market risk had been adopted by the GHOS at the beginning of 2016.","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75213580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The geographical consequences of Basel III","authors":"C. Borio","doi":"10.1515/9783110621495-018","DOIUrl":"https://doi.org/10.1515/9783110621495-018","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"89 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84281116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Credit implications of Basel III – the analyst and investor’s perspective","authors":"Laurie Mayers","doi":"10.1515/9783110621495-013","DOIUrl":"https://doi.org/10.1515/9783110621495-013","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80643315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Basel III – The view from Asia","authors":"S. Shirakawa","doi":"10.1515/9783110621495-017","DOIUrl":"https://doi.org/10.1515/9783110621495-017","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"55 3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88475072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The view from Brussels","authors":"M. Merlin","doi":"10.1515/9783110621495-007","DOIUrl":"https://doi.org/10.1515/9783110621495-007","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80155884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Geographic consequences of Basel III: effects on Europe","authors":"C. Ossig","doi":"10.1515/9783110621495-016","DOIUrl":"https://doi.org/10.1515/9783110621495-016","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73228963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Frontmatter","authors":"","doi":"10.1515/9783110621495-fm","DOIUrl":"https://doi.org/10.1515/9783110621495-fm","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90526041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"But have we gone far enough?","authors":"I. Schnabel","doi":"10.1515/9783110621495-010","DOIUrl":"https://doi.org/10.1515/9783110621495-010","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"95 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90754908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Have the regulatory authorities done enough?","authors":"C. Goodhart","doi":"10.1515/9783110621495-009","DOIUrl":"https://doi.org/10.1515/9783110621495-009","url":null,"abstract":"The critical academic literature on capital adequacy requirements (CARs) has mostly focussed on whether these required ratios are high enough, see for example Miles, et al. (2012) and Admati and Hellwig (2013); in recent years this has been accompanied by discussion of whether bail-inable bonds and co-cos (contingent convertible bonds) can act in some part as substitutes for equity within TLAC (total loss absorbing capital) and its close cousin MREL (minimum requirement for own funds and eligible liabilities). Partly because so much careful attention has already been given to this issue, not least in the associated Chapter by Prof. Schnabel, with whom I shared the conference session on this subject, I shall herewith bypass these issues. Instead, I would discuss four wider matters relating to the work of the Basel Committee on Banking Supervision (BCBS). I shall argue that there are several facets of regulation to which the authorities have not given sufficient attention.","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90172766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Basel III: Are we done now?","authors":"S. Ingves","doi":"10.1515/9783110621495","DOIUrl":"https://doi.org/10.1515/9783110621495","url":null,"abstract":"","PeriodicalId":8705,"journal":{"name":"Basel III: Are We Done Now?","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78104781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}