{"product_id":"2940013255036","title":"Basel III News, November 2011","description":"It is important to assess the consequences of the new Basel iii rules, and to monitor the regulatory differences.\u003cbr\u003e\u003cbr\u003eMore capital - Ajai Chopra (deputy director, European department of the International Monetary Fund) believes that the Basel III accord is too weak to save European banks from a fresh financial crisis, so he has urged the European Union to raise minimum levels in its forthcoming Capital Requirements Directive IV.\u003cbr\u003e\u003cbr\u003e\"The Basel III minimum is too low for European banks because sovereign exposure and intra-EU exposure still represent significant risks to EU banks,\" Chopra explained.\u003cbr\u003e\u003cbr\u003eLess Capital - Global regulators suggest that some governments in emerging markets and developing economies should be given the flexibility to adopt international rules on bank capital “at a pace tailored to their circumstances.”\u003cbr\u003e\u003cbr\u003eBasel iii capital - The Swiss finance ministry agreed to amend the Swiss capital rules for banks to bring them into line with the Basel III framework.\u003cbr\u003e\u003cbr\u003eNot even Basel ii capital - The same time, we learn from the Basel Committee's Progress report on Basel III implementation that many countries have not implemented Basel 2 yet.\u003cbr\u003e\u003cbr\u003eThe Basel Committee's Progress report on Basel III implementation provides a high-level view of its members' progress in adopting Basel II, Basel 2.5 and Basel III, as of end September 2011. \u003cbr\u003e\u003cbr\u003eIt focuses on the status of domestic rule-making processes to ensure that the Committee's capital standards are transformed into national law or regulation according to the internationally agreed timeframes. \u003cbr\u003e\u003cbr\u003eThe Committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements. \u003cbr\u003e\u003cbr\u003eIn this report, the following classification is used to classify the status of adoption of regulatory rules:\u003cbr\u003e\u003cbr\u003e1. Draft regulation not published\u003cbr\u003e\u003cbr\u003eThis status corresponds to cases where no draft law, regulation, or other official document has been made public to detail the planned content of the domestic regulatory rules. \u003cbr\u003e\u003cbr\u003eThis status includes cases where a jurisdiction has communicated high-level information about its implementation plans but not detailed rules.\u003cbr\u003e\u003cbr\u003e2. Draft regulation published\u003cbr\u003e\u003cbr\u003eThis status corresponds to cases where a draft law, regulation or other official document is already publicly available, for example for public consultation or legislative deliberations. \u003cbr\u003e\u003cbr\u003eThe content of the document has to be specific enough to be implemented when adopted.\u003cbr\u003e\u003cbr\u003e3. Final rule published: \u003cbr\u003eThis status corresponds to cases where the domestic legal or regulatory framework has been finalised and approved but is still not applicable to banks.\u003cbr\u003e\u003cbr\u003e4. Final rule in force: \u003cbr\u003e\u003cbr\u003eThis status corresponds to cases where the domestic legal and regulatory framework is already applied to banks.\u003cbr\u003e\u003cbr\u003eIn order to support and supplement the status reported, summary information about the next steps and the implementation plans being considered by members are also provided for each jurisdiction.\u003cbr\u003e\u003cbr\u003eFor Basel II, a special colour code has been used in addition to the status above, to identify the jurisdictions which, independent of the adoption status reported, have in practice not effectively completed the implementation of the rules. \u003cbr\u003e\u003cbr\u003eThe use of such a colour code will be expanded to Basel 2.5 in 2012 and to Basel III in 2013.","brand":"Compliance LLC","offers":[{"title":"Default Title","offer_id":47068736061680,"sku":"2940013255036","price":0.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940013255036_p0.jpg?v=1763578901","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940013255036","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}