Bad news for banks from Basel

Wednesday, 14 December 2016

Via Citi:

 Basel Committee to set a 75% capital floor as part of Basel IV reforms – Media reports out of Germany (Newspaper – Borsen-Zeitung) are suggesting that the Basel Committee has agreed to set a 75% capital floor for IRB RWA banks.

 …with a long-dated implementation period as anticipated – The unconfirmed reports are also suggesting the floor will be introduced between 2021 and 2025.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.