“You guys are little bit philosophical: the Netherlands and France are the only two countries in Europe that haven’t taken a position on capital requirements.” That was Emil from Nomura, who, in early 2012, queried me about the Dutch position on minimal capital requirements. The Swedish bank authorities had just announced that capital ratios should be… Read More Has the reserve bank become too philosophical about bank capital?
Once in a while I meet bankers and bank regulators, sometimes over a cup of coffee, sometimes over a glass of Pinot Noir. In fact, I will attend an event with RBNZ’s Adrian Orr tomorrow. He will speak at the brand new PwC centre in Wellington. When it comes to bank capital, the narrative shared… Read More When will the RBNZ admit its capital ratio definitions are bent? (And copy APRA’s plan to straighten them?)
Here is the final report, the Murray Report on Australian banks. Not so long ago Australia was the poster-boy of prudent banking. Unfortunately, this is not the case any longer. Ozzy banks need more resilient capital. Without further ado, please read. I will do too.
Despite extensive press coverage, I struggled in finding the prospectus of CBA’s PERLS VII Capital notes. One email to CBA prompted a quick response: voilà here is the prospectus – packed with warnings.
The answer is: Australia’s Commonwealth bank. As I will demonstrate, this bank is unique in going the extra mile. It shows that the Basel III disclosure requirements are not something to be afraid of. In fact, they are doable. But first, this entry explains the Basel III disclosure requirements. Though they are part and parcel… Read More Who’s (not) afraid of the Basel III disclosure requirements?