FT Alphaville » Basel III http://ftalphaville.ft.com FT Alphaville - Market Commentary - FT.com Fri, 17 May 2013 16:07:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Banks told to sit down and shut up or else some of them will get ice cream and others won’t, which will indeed totally suck http://ftalphaville.ft.com/2013/04/25/1475902/banks-told-to-sit-down-and-shut-up-or-else-some-of-them-will-get-ice-cream-and-others-wont-which-will-indeed-totally-suck/ http://ftalphaville.ft.com/2013/04/25/1475902/banks-told-to-sit-down-and-shut-up-or-else-some-of-them-will-get-ice-cream-and-others-wont-which-will-indeed-totally-suck/#comments Thu, 25 Apr 2013 13:42:10 +0000 Lisa Pollack http://ftalphaville.ft.com/?p=1475902

“One thing that I think would stand you in very good stead is to avoid lobbying – influencing policy is probably a better way to put it. We hear so much about fragmentation, but then the banks and trade associations discuss at great length trying to lower the standards.”

That’s William Coen, deputy secretary-general of the Basel Committee on Banking Supervision, as quoted by Risk on Wednesday.

Continue reading: Banks told to sit down and shut up or else some of them will get ice cream and others won’t, which will indeed totally suck]]> http://ftalphaville.ft.com/2013/04/25/1475902/banks-told-to-sit-down-and-shut-up-or-else-some-of-them-will-get-ice-cream-and-others-wont-which-will-indeed-totally-suck/feed/ 0 Decoding that Basel securitisation proposal, one annoying acronym at a time http://ftalphaville.ft.com/2012/12/20/1315212/decoding-that-basel-securitisation-proposal-one-annoying-acronym-at-a-time/ http://ftalphaville.ft.com/2012/12/20/1315212/decoding-that-basel-securitisation-proposal-one-annoying-acronym-at-a-time/#comments Thu, 20 Dec 2012 13:19:28 +0000 Lisa Pollack http://ftalphaville.ft.com/?p=1315212 The financial crisis demonstrated how the treatment of securitisations under the Basel framework was some combination of delinquent and a massive enabler of rating agency (and bank) mis-modelling. No wonder then that it only took until July 2009 to get the duct tape out, i.e. release “enhancements” to Basel II, commonly known as “Basel 2.5″.

Now that the committee has had time to truly, madly, and deeply think it over, it’s time for… drumroll… a consultative document on which comment will be sought by March 15, 2013. Oh, it’s on now.

Continue reading: Decoding that Basel securitisation proposal, one annoying acronym at a time]]> http://ftalphaville.ft.com/2012/12/20/1315212/decoding-that-basel-securitisation-proposal-one-annoying-acronym-at-a-time/feed/ 0 US banks add selves to pissed off list http://ftalphaville.ft.com/2012/12/17/1310812/us-banks-add-selves-to-pissed-off-list/ http://ftalphaville.ft.com/2012/12/17/1310812/us-banks-add-selves-to-pissed-off-list/#comments Mon, 17 Dec 2012 14:43:08 +0000 Lisa Pollack http://ftalphaville.ft.com/?p=1310812 Being cross about the Basel III liquidity ratio is so in season. One just can’t be seen dead smiling about it. It simply won’t do. Much better to join the other banks, and the ECB, in being all pouty about it. We’ll not even have the slightest smirk until the Basel Committee has agreed to loosen the criteria for eligible assets and made the outflow scenarios a lot less Beyond Thunderdome.

Continue reading: US banks add selves to pissed off list]]> http://ftalphaville.ft.com/2012/12/17/1310812/us-banks-add-selves-to-pissed-off-list/feed/ 0 European banks: same, same, and eventually different http://ftalphaville.ft.com/2012/11/22/1275453/european-banks-same-same-and-eventually-different/ http://ftalphaville.ft.com/2012/11/22/1275453/european-banks-same-same-and-eventually-different/#comments Thu, 22 Nov 2012 11:59:12 +0000 Lisa Pollack http://ftalphaville.ft.com/?p=1275453 Nothing like systemic risk to bring the banks together. The crisis at times left little between them. Eventually though, the market will start to differentiate more. As Huw van Steenis and his colleagues at Morgan Stanley put it in a recent note

Continue reading: European banks: same, same, and eventually different]]> http://ftalphaville.ft.com/2012/11/22/1275453/european-banks-same-same-and-eventually-different/feed/ 0 Give me Basel III, but not yet http://ftalphaville.ft.com/2012/11/09/1256181/give-me-basel-iii-but-not-yet/ http://ftalphaville.ft.com/2012/11/09/1256181/give-me-basel-iii-but-not-yet/#comments Fri, 09 Nov 2012 15:16:59 +0000 Joseph Cotterill http://ftalphaville.ft.com/?p=1256181 Fresh from the Fed. (And FDIC, and OCC)

Continue reading: Give me Basel III, but not yet]]> http://ftalphaville.ft.com/2012/11/09/1256181/give-me-basel-iii-but-not-yet/feed/ 0 European bank deleveraging: Basel III edition http://ftalphaville.ft.com/2012/10/24/1225821/and-now-for-some-basel-3-inspired-deleveraging/ http://ftalphaville.ft.com/2012/10/24/1225821/and-now-for-some-basel-3-inspired-deleveraging/#comments Wed, 24 Oct 2012 10:40:09 +0000 Kate Mackenzie http://ftalphaville.ft.com/?p=1225821 What happened with all that European bank deleveraging?

Some of it is over with, says Barclays — leaving, by our estimates of their estimates, about €650bn* of deleveraging yet to be carried out among the major European banks they cover**. Quite big, but much less than the €1.5tn – €2.5tn being discussed late last year.

Continue reading: European bank deleveraging: Basel III edition]]> http://ftalphaville.ft.com/2012/10/24/1225821/and-now-for-some-basel-3-inspired-deleveraging/feed/ 0 Basel III joke in here* http://ftalphaville.ft.com/2012/10/11/1205511/basel-iii-joke-in-here/ http://ftalphaville.ft.com/2012/10/11/1205511/basel-iii-joke-in-here/#comments Thu, 11 Oct 2012 14:21:35 +0000 Paul Murphy http://ftalphaville.ft.com/?p=1205511 Call it can-kicking at the highest European level. Call it inevitable. Both statements are probably true.

Nevertheless, banking stock across Europe were racing higher on Thursday on the back of this:

Continue reading: Basel III joke in here*]]> http://ftalphaville.ft.com/2012/10/11/1205511/basel-iii-joke-in-here/feed/ 0 Sovereign risk-weighting, face-off du jour http://ftalphaville.ft.com/2012/10/01/1186011/sovereign-risk-weighting-face-off-du-jour/ http://ftalphaville.ft.com/2012/10/01/1186011/sovereign-risk-weighting-face-off-du-jour/#comments Mon, 01 Oct 2012 17:17:37 +0000 Joseph Cotterill http://ftalphaville.ft.com/blog/?p=1186011 Basel catches European bank capital legislation letting big cross-border lenders play a bit too fast and loose with zero risk-weighting of government bonds for its taste, the FT says.

Well, here’s the key para…

Continue reading: Sovereign risk-weighting, face-off du jour]]> http://ftalphaville.ft.com/2012/10/01/1186011/sovereign-risk-weighting-face-off-du-jour/feed/ 0 M&T and Hudson City’s clean capital http://ftalphaville.ft.com/2012/08/29/1135491/mt-and-hudson-citys-clean-capital/ http://ftalphaville.ft.com/2012/08/29/1135491/mt-and-hudson-citys-clean-capital/#comments Wed, 29 Aug 2012 12:51:33 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1135491 Peter Eavis over at Dealbook notes an underrated aspect of the big M&T/Hudson City regional banking deal — regulatory capital:

To do well in annual Federal Reserve stress tests, M&T Bank may want to increase its Tier 1 common ratio substantially.

Continue reading: M&T and Hudson City’s clean capital]]> http://ftalphaville.ft.com/2012/08/29/1135491/mt-and-hudson-citys-clean-capital/feed/ 0 ‘If this is going to unravel…’ http://ftalphaville.ft.com/2012/07/19/1089611/if-this-is-going-to-unravel/ http://ftalphaville.ft.com/2012/07/19/1089611/if-this-is-going-to-unravel/#comments Thu, 19 Jul 2012 21:15:47 +0000 Tracy Alloway http://ftalphaville.ft.com/blog/?p=1089611 Oh, those international accounting standard-setters. Such drama queens.

On Wednesday, the International Accounting Standards Board (IASB) and its US counterpart, the Financial Accounting Standards Board (FASB), held a joint meeting to discuss impairment.

Continue reading: ‘If this is going to unravel…’]]> http://ftalphaville.ft.com/2012/07/19/1089611/if-this-is-going-to-unravel/feed/ 0