RBNZ decides on Kiwibank cocos – uh oh

No surprise here: the RBNZ decided to render two cocos ineligible for regulatory capital purposes. This is what Kiwibank reported yesterday. The holders of the instruments likely will keep their coupon, at the expense of…

Dutch Supervision Culture and Basel IV

This week we saw some evidence that may point to a rift between the Dutch finance minister Jeroen Dijsselbloem and the Dutch central bank (DNB). It has to do with Basel IV. This is an…

EBA lowers its bank data sharing ambitions – dramatically

The European Banking Authority (EBA) published today its detailed annual work programme for 2017, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting…

My contribution to the EBA Guidelines on disclosure requirements consultation

The European Banking Authority (EBA) launched a consultation on a set of Guidelines on regulatory disclosure requirements following an update of the Pillar 3 requirements by the Basel Committee in January 2015. These Guidelines are…

Questions on bank regulation: Area 51 on StackExchange.

Of course there is the EBA Single Rulebook, an important site that offers answers to questions on bank regulation. However, to me the site looks top-down and may offer only legal answers with sparse context. Hence my…

Are the EU bank capital shortfalls really that bad?

Shortly after the publication of the  2016 EBA stress test results, Viral Acharya, Diane Pierret, and Sascha Steffen (APS) presented a paper that identifies capital shortfalls that are significantly larger than EBA’s shortfall calculations reveal….