Tag Archives: Basel accords

Fear and Greed

The Interim Report of the UK Independent Commission on Banking was released yesterday.  In his opening remarks, Commission’s chairman Sir John Vickers enunciated three key points. First, banks need to hold more capital.  According the Commission, the Basel III proposal … Continue reading

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Forum shopping

The Financial Times reports that Oswald Grübel, chief of the Swiss bank UBS, “…has attacked the UK government for its public neglect of the City of London, warning that tougher regulations will see Britain and the rest of Europe cede … Continue reading

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More capital

The Financial Times reports that a study conducted by Bank of England researchers finds that the current level of risk-weighted capital held by banks (about 7 percent) is woefully inadequate to protect against future financial crises.  Calibrating their model with … Continue reading

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Two Cheers for Basel III…or Waiting for Basel 3.5

Citibank chief Vikram Pandit warns in the Financial Times against excessive increase in capital and liquidity requirements.  This is a tough argument to make in the aftermath of a serious crisis in which banks and other financial institutions were caught … Continue reading

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Make them pay…make them pay

Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading

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