ESA’s tough final Regulatory Standards on conglomerate capital are out.

This is complicated material. But … looking at Article 9 of this standard, the bar for recognition of supplementary capital looks high. Even though it applies after the entry into force of Regulation (EU) No 575/2013 (CRR) and…

FSI reports on global Basel II, 2.5 and III Implementation

Interesting report by the FSI of a survey on Basel II, 2.5 and III Implementation, more or less worldwide – that is, ex-Basel member states. (For the Basel countries there are separate reports). Click here for the report.

What actually is Basel’s contribution to the new IASB impairment model?

Just returning from a talk by Sir David Tweedie. Funny as always and sharp, he discussed a short history on accounting standard setting. He spared few parties, with France taking most of his flak. Perhaps…

US sides with EBA on Bank Data Sharing

I’m following up on my post yesterday of the EBA initiative to preserve nominal amounts of bank capital. I noticed that EBA wants to monitor this preservation initiative by requiring individual banks to hand over…

EBA requires banks to hold Nominal capital levels

Today the EBA made an announcement that requires banks to hold nominal amounts of capital over amounts previously set out in a recommendation set out a year ago. When banks’ capital levels fall below the…

IASB’s stance on AOCI Discussion Paper on the new Conceptual Framework

A large document for sure, and relevant, as accounting is the prime source of capital values. Shaun Drummon of AFR notices the Board’s stance on AOCI: “One of the most controversial has been the liberal…

Another one (BOA) bites the AOCI dust.

Bloomberg News reports quite accurately on BOA’s AOCI perils. Bank of America’s AOCI loss more than doubled to $7.71 billion at the end of June from $3.49 billion on March 31, according to figures released on…

EBA presents a neat Q&A tool for Capital Questions

It features on the EBA home page, but obscured by the the words “Single Rulebook Q&A”, it is a neat tool nevertheless. Click here for access.

Europe’s painful phase-out of old-style capital instruments

Matthew Attwood in Financial News reports on the difficulties that European banks face when replacing pre-crises capital instruments by Basel III compliant instruments. This was a small disaster waiting to happen, as Bazel III rules made…