The Ecofin statement from last Friday (November 15, 2013) is here.
FSR’s are always a rich source of information. Today the Reserve Bank of New Zealand published its latest. The Reserve Bank has deployed macro prudential measures to cool down the housing market – something of interest to Europe standard setters. For the blurb click here. For the page that contains the relevant pdfs, click here.… Read More The NZ Reserve Bank publishes its Financial Stability Report
Join effort with the Financial Stability Board (FSB): the updated list of global systemically important banks (G-SIBs). See the BCBS website for additional information regarding the G-SIB methodology. Source: www.bis.org/press/p131111.htm
From a regulatory capital perspective, the Co-operative Bank is (and will remain) an interesting case. Its prospectus is here. With the summary recap plan here. Now, pray for a rainy weekend, it is 700 pages of solid print.
RBS N.V. features on the list of designated banks for the Comprehensive Assessment (CA). See the ECB CA document here. Though the name suggests Scottish origins, RBS N.V. is incorporated in the Netherlands; thus subject to direct Dutch supervision (and indirectly subjected to UK supervision via the Bank of England, which supervises RBS Group, the… Read More On the Comprehensive Assement List: RBS N.V.
While I digest, here is the pdf. A daunting task for sure, however, I really wonder … will 8% be sufficient to sort the men from the boys? We shall see next year. “Capital thresholds will be set as a benchmark for the outcomes of the exercise. The capital benchmark will be set at 8%… Read More Jay: the ECB comprehensive assessment is out!
Apparently EBA chose a relatively friendly route here, as it offers banks to report NPL and forbearance via FINREP, a reporting tool that is close to financial reporting. Bank also will have to report via COREP, and COREP determines the solvency calculations of banks directly. Here is EBA’s justification for not tampering with the solvency… Read More Brief comment on my post: EBA publishes standards on NPL, etc
The European Banking Authority (EBA) released today its final technical standards on supervisory reporting on Non-Performing Exposures and Forbearance, which will provide consistent indicators of asset quality of banks across the European Union. The EBA also issued recommendations on asset quality reviews (AQRs) aimed at supporting existing and/or planned reviews across the EU. See link… Read More Jay! EBA publishes standards on NPL, Forbearance, and AQR
Basel III will enter into force in the U.S. and in Europe in about 10 weeks from now. That is soon, and I will argue that banks are still poorly prepared, in particular regarding important securities that count towards regulatory capital. Many banks conveniently look at the Basel III end-state, to be reached in 2019. BNP for… Read More Basel III – watch your step at the entry!