What is it about?
Questo documento ha lo scopo di fornire una panoramica completa e le risposte a quattro componenti molto vitali dei processi consultivi che hanno contribuito al nuovo quadro noto come Basilea III. Il documento affronterà queste componenti nell'ordine dei processi consultivi, vale a dire le proposte di capitale, le proposte di liquidità e la proposta per garantire l'assorbimento delle perdite di capitale regolamentare nel punto di non redditività. Le proposte di capitale comprendono proposte volte a rafforzare la resilienza del settore bancario, la proposta relativa al quadro internazionale per la misurazione del rischio di liquidità, le norme e il monitoraggio e la proposta di riserva di capitale anticiclica.
Featured Image
Why is it important?
Sebbene le proposte di capitale siano state accolte favorevolmente, dall'indomani delle recenti crisi finanziarie si è registrato un aumento della consapevolezza che le banche che si sono conformate ai requisiti di adeguatezza patrimoniale potrebbero ancora affrontare gravi problemi di liquidità. Oltre a sottolineare l'importanza dell'introduzione di riserve di capitale anticicliche, la risposta alla proposta anticiclica richiama l'attenzione sulla necessità di concentrarsi maggiormente su disposizioni più lungimiranti, nonché disposizioni volte a far fronte alle perdite e ai problemi imprevisti attribuiti alla "maturità trasformazione di depositi a breve termine in prestiti a lungo termine. "
Perspectives
Il documento consultivo del Comitato di Basilea sulla "Proposta per garantire l'assorbimento di perdite del capitale regolamentare nel punto di non redditività" stabilisce una proposta volta a "migliorare i criteri di entrata del capitale regolamentare per garantire che tutti gli strumenti di capitale regolamentare emessi dalle banche siano in grado di assorbire le perdite nel caso in cui una banca non sia in grado di sostenersi nel mercato privato ". Tra le altre questioni affrontate, la risposta al documento consultivo evidenzia perché la procedura di liquidazione controllata costituisce anche un mezzo per cui le perdite potrebbero ancora essere assorbite nel caso in cui una banca non sia in grado di sostenersi nel mercato privato.
Prof Marianne Ojo
Northwestern University
Read the Original
This page is a summary of: Basel III – Responses to Consultative Documents, Vital Aspects of the Consultative Processes and the Journey Culminating in the Present Framework, SSRN Electronic Journal, Social Science Electronic Publishing,
DOI: 10.2139/ssrn.1692409.
You can read the full text:
Resources
BASEL III – Responses to consultative documents, vital aspects of the consultative processes and the journey culminating in the present framework
This paper is aimed at providing a comprehensive overview of, and responses to, four very vital components of the consultative processes which have contributed to the new framework known as Basel III. The paper will approach these components in the order of the consultative processes, namely, the capital proposals, the liquidity proposals and the Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability. The capital proposals comprise proposals aimed at strengthening the resilience of the banking sector, the proposal relating to international framework for liquidity risk measurement, standards and monitoring and, the countercyclical capital buffer proposal. Whilst the capital proposals have been welcomed, there has been growing realisation since the aftermath of the recent Financial Crises that banks which have been complying with capital adequacy requirements could still face severe liquidity problems. As well as highlighting the importance of introducing counter cyclical capital buffers, the response to the countercyclical proposal draws attention to the need for greater focus on more forward looking provisions, as well as provisions which are aimed at addressing losses and unforeseen problems attributed to “maturity transformation of short-term deposits into long term loans.” The Basel Committee’s consultative document on the “Proposal to Ensure the Loss Absorbency of Regulatory Capital at the Point of Non Viability” sets out a proposal aimed at “enhancing the entry criteria of regulatory capital to ensure that all regulatory capital instruments issued by banks are capable of absorbing losses in the event that a bank is unable to support itself in the private market.” Amongst other issues addressed, the response to the consultative document highlights why the controlled winding down procedure also constitutes a means whereby losses could still be absorbed in the event that a bank is unable to support itself in the private market.
BASEL III – Responses to consultative documents, vital aspects of the consultative processes and the journey culminating in the present framework
This paper is aimed at providing a comprehensive overview of, and responses to, four very vital components of the consultative processes which have contributed to the new framework known as Basel III. The paper will approach these components in the order of the consultative processes, namely, the capital proposals, the liquidity proposals and the Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability. The capital proposals comprise proposals aimed at strengthening the resilience of the banking sector, the proposal relating to international framework for liquidity risk measurement, standards and monitoring and, the countercyclical capital buffer proposal. Whilst the capital proposals have been welcomed, there has been growing realisation since the aftermath of the recent Financial Crises that banks which have been complying with capital adequacy requirements could still face severe liquidity problems. As well as highlighting the importance of introducing counter cyclical capital buffers, the response to the countercyclical proposal draws attention to the need for greater focus on more forward looking provisions, as well as provisions which are aimed at addressing losses and unforeseen problems attributed to “maturity transformation of short-term deposits into long term loans.” The Basel Committee’s consultative document on the “Proposal to Ensure the Loss Absorbency of Regulatory Capital at the Point of Non Viability” sets out a proposal aimed at “enhancing the entry criteria of regulatory capital to ensure that all regulatory capital instruments issued by banks are capable of absorbing losses in the event that a bank is unable to support itself in the private market.” Amongst other issues addressed, the response to the consultative document highlights why the controlled winding down procedure also constitutes a means whereby losses could still be absorbed in the event that a bank is unable to support itself in the private market.
Contributors
The following have contributed to this page
