Welcome to the
March 2011 edition of the Basel ii Compliance
Professionals Association (BCPA) newsletter
Dear
Members,
This
was a very busy month.
We are well into
the transition from the Basel II to Basel III in many banks and
financial groups.
The OECD has just
estimated that Basel III rules will hit economic growth by 0.05 to
0.15 percentage point a year, because of the rise in funding
costs, due to higher capital requirements.
Large banks feel that they will need to
do way more. Being large becomes a disadvantage after so many years.
The G20 have approved the
recommendations from the Financial Stability Board, and we expect
extra measures such as capital increases and
tougher supervision for a list of Systemically Important Financial
Institutions (SIFIs).
Michel Pebereau, the chairman of
BNP Paribas has said that the G20's approach of singling out big banks
for tougher regulation would
distort
competition and be ineffective because even smaller banks could spark
a crisis.
Major
banks in the States
discuss the problems with the capital that
qualifies
as regulatory capital. The news from
Canada
did
not help.
Mark White, assistant
superintendent at the Office of the Superintendent of Financial
Institutions (OSFI) in Canada told reporters that
Canada's banks must redeem, replace or
let run off more than C$70 billion in non-common capital by 2023.
OSFI has also told banks to
meet the Tier 1 target early in the
transition period that begins in 2013 and avoid any actions that
weaken their capital positions.
French ECB
governing council
member and head of the Bank of France Christian
Noyer has discussed another problem: The
uncertainties in the definition of liquid assets under Basel III.
And what should we, Basel ii / iii
professionals do?
We must (find
and) spend time to understand the new Basel III framework.
We will discuss today the two new interesting
liquidity ratios.
To
read the newsletter:
www.basel-iii-association.com/Basel_iii_News_March_2011.html
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The Basel ii Compliance
Professionals Association (BCPA), the largest
association of Basel ii Professionals in the world,
has a new member in the corporate family: The Basel
iii Compliance Professionals Association (BiiiCPA)
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The members of
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(BCPA), the largest Association of Basel ii
professionals in the world, will
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the Basel iii Compliance Professionals Association
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www.basel-iii-association.com/How_to_become_member.htm
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2. Certified Pillar
2 Expert (CP2E)
3. Certified Pillar
3 Expert (CP3E)
4.
Certified Stress Testing Expert
(CSTE)
Best Regards,
George Lekatis
President of the Basel ii Compliance
Professionals Association (BCPA)
General Manager,
Compliance LLC
1200 G Street NW Suite 800
Washington DC 20005,
USA
Tel: (202) 449-9750
Email:
lekatis@basel-ii-association.com
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