Felix Salmon

The Basel III jockeying continues

July 14, 2010

Bloomberg has a good update on Basel III negotiations today. To save you slogging through the whole thing, which is very long, the news is that in the war of banks vs regulators, the banks seem to be winning the battle of how to define capital.

The good and the bad of Basel III

June 25, 2010

It’s looking as though the FT was, thankfully, a little over-hasty when it led today with a big story saying that the banks have won the Basel battle over liquidity requirements. A BIS spokesman (the BIS is the organization hosting the Basel III negotiations) says that weakening liquidity requirements hasn’t even been discussed, let alone agreed to. Yes, it’s likely that the banks will win some concessions at some point, but there’s a long way to go before then.

The limits of systemic risk regulators

June 25, 2010

What kind of information will a systemic risk regulator need from banks? Sifma has just commissioned an 86-page study on this question from Deloitte, and the conclusion, though predictable, is sobering:

Delaying Basel III

June 4, 2010

David Enrich and Damian Paletta have the latest news on the Basel III front, and the compromise seems to be coming into focus: not so much on the substance, which remains more or less intact, but rather on the timing, which could get pushed out as much as a decade.

The search for Basel III loopholes begins

April 12, 2010

Patrick Jenkins of the FT has two great articles today following the maneuvering around Basel III. The big-picture story is clear: banks around the world are ganging up to try to weaken and/or delay Basel III’s implementation.

The politics of Basel III

April 3, 2010

It’s long past time, I think, to introduce a Basel III tag on this blog, since in terms of financial regulation it’s clearly the area where there’s the biggest gap between its importance, on the one hand (high) and the amount of reporting going on around it (very little). If you find good stuff on this subject anywhere, do please send it my way; I feel this is one area where the blogosphere can perform a very useful public service in terms of trying to tease out what’s going on, and why, and what kind of effect it’s ever going to have.