It would appear that yearly quotas are being met:

• Perhaps most intererestingly, the Basel Committee sent out for comment "a set of requirements for banks to disclose the composition of their regulatory capital," which might be of real interest to investors, shorts, and competitors.
• Much less tough, the Basel Committee, worried that arbs are forcing the prices of certain regulatorily required forms of credit protection sky hight, said that "the Committee is clarifying that supervisors will consider the cost of credit protection that has not yet been recognised in earnings when assessing whether credit protection purchased should be recognised for purposes of regulatory capital, including whether a bank meets the Basel standards for significant credit risk transference."
• And Basel put out a third set of questions and answers on Basel III.
• The Joint Forum (Basel plus supes of insurers and investment banks) asked for comment on its paper on "Principles For The Supervision of Financial Conglomerates.

Administrative Law, Finance, Financial Crisis, Financial Institutions | Bookmark

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