Daily Management Review

Germany supports updated Basel III


11/16/2017


German regulators are supporting a compromise over the adoption of new global rules of banking aimed at avoiding the recurrence of the financial crisis of 2007, their representative said, quoted by Reuters.



Andreas Praefcke
Andreas Praefcke
The rules known as Basel III are already 10 years old, and recent efforts to reach agreement have been hampered by resistance from Germany and France regarding the establishment of a minimum capital requirement for large banks that use their own models to calculate risk.

However, Andreas Dombret said that German Bundesbank and chief financial controller BaFin supported the last offer on this "output floor", even it was "nothing but the desired result."

A compromise means that the bar will be set at 72.5% of the bank's capital, which a bank must keep in a more rigid model set by regulators, compared with 75% initially stipulated, Dombret said.

"A possible compromise with a minimum threshold of 72.5% is nothing more than the desired result for Germany," Dombret said. "But the failure due to the 2.5 percentage points agreed by BaFin and the Bundesbank will not be justified".

source: reuters.com






Science & Technology

WHO found no danger in microplastics in drinking water

Apple starts testing Chinese OLED screens for iPhone 12

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

French Optic 2000 unveils smart glasses

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

World Politics

World & Politics

Canada Blamed By China For Difficult Bilateral Relations

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing