Comments on: The politics of Basel III http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Ghandiolfini http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13126 Mon, 05 Apr 2010 08:01:10 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13126 By childish substitution:

DOS: it’s really a form of providing Muslim reinforcements to the Jewish Basel II forces more than it is a whole new capital-adequacy system.

or

(Jewish, capital and liquidity, trying to cut through some of the accounting practices), partly horrible Basel II patches (Muslim, fiddling with haircuts, CVA, credit ratings).

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By: Storyburn_com http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13120 Sun, 04 Apr 2010 22:45:07 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13120 What about them?

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By: Ghandiolfini http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13117 Sun, 04 Apr 2010 18:46:54 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13117 Romans, Greeks, what about Jews and Muslims ?

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By: RichardSmith http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13114 Sun, 04 Apr 2010 13:20:29 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13114 Well you could start with this superb overview, which identifies some of the different strands running through Basel III – partly wholly new stuff (Roman, capital and liquidity, trying to cut through some of the accounting practices), partly horrible Basel II patches (Greek, fiddling with haircuts, CVA, credit ratings). Some in the end qualified good cheer about the capital & liquidity rules; but the rest of BIII looks duff.

http://www.nakedcapitalism.com/2009/12/b asel-iii-%E2%80%93-the-ok-the-unfinished -and-the-ugly.html

It is Waldman http://www.interfluidity.com/v2/716.html who really lands a blow on the approach of instituting capital rules without sorting out the structure of banks.

So – Basel III potentially all duff, without changes in the structure of big banks. Let’s try and guess what big banks think about that.

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By: jonradin http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13113 Sun, 04 Apr 2010 12:15:21 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13113 Basel III has the potential to dramatically affect the strength of the international financial system. Unfortunately the individuals, as you mention, who flutter back and forth between high paying bank employment and powerful national regulatory employment have neither the requisite objectivity nor interpersonal distance to set speed limits for the various major banks. If last year and next year when you revolve back to working for a bank you will get bonused millions for getting from A to B as rapidly as possible, what incentive do you have to set a speed limit just because this year you are a regulator?

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By: amsterdammer http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13110 Sun, 04 Apr 2010 09:26:49 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13110 Dear Felix,

You seem to forget that the “show” and the road path
underlined by the last G20 involved preliminary
work by the “Financial Stability Board” and the I.M.F,
due in April, so wait for the eggs, they were due in
April.
The public speeches of Senor Jaime Caruana being very rare, I refer to seemingly the most recent: “In his recent visit to Australia, Jamie Caruana, head of the Bank for International Settlements, which is overseeing global rule changes for banks, said capital requirements were the ”speed limits” of lending, while in a visit
ealier to Mexico Senor Caruana declared: “Regulation
will lead to the restriction of credit”. So we are likely headed for the cliff, a.k.a they watch them daily
looking out of the B.I.S headquarters’windows in Basel

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By: The1eyedman http://blogs.reuters.com/felix-salmon/2010/04/03/the-politics-of-basel-iii/comment-page-1/#comment-13109 Sun, 04 Apr 2010 02:19:42 +0000 http://blogs.reuters.com/felix-salmon/?p=3203#comment-13109 Interesting, lets just sit on the wall and watch the show!:-)

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