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1、TheNewBaselIIIFramework：NavigatingChangesinBankCapitalManagementApublicationofPwC’sFinancialServicesInstitute(FSI)TheNewBaselIIIFramework:NavigatingChangesinBankCapitalManagementOctober2010ContentsSectionPage1.Pointof6><#00aa00'>view22.Aframeworkforresponse93.Anoverviewo
2、fBaselIII124.HowPwCcanhelp40Section1Pointof<#00aa00'>viewPointofviewTheregulators’intentwithBaselIIIisafutureofmorecapital,moreliquidity,andlowerrisk.AsaresultofthenewBaselIIIrules,bankswillfaceanenvironmentwithlowerreturnsoncapitalandslowergrowth.BaselIIIestablishestoug
3、hercapitalstandardsthroughmorerestrictivecapitaldefinitions,higherrisk-weightedassets(RWA),additionalcapitalbuffers,andhigherrequirementsforminimumcapitalratios.Thereformswillfundamentallyimpactprofitabilityandrequiretransformationofthebusinessmodelsofmanybanks.Theserefo
4、rmswillalsorequirebankstoundertakesignificantprocessandsystemchangestoachieveupgradesintheareasofstresstesting,counterpartyrisk,andcapitalmanagementinfrastructure.Ofthevariousbusinessesinwhichbanksareengaged,capitalmarketsbusinesseswillbethemostimpacted.Highercapitalrequ
5、irementswillprimarilyimpactareassuchassalesandtrading,securitizations,securitieslending,andOTCderivatives.Itisimperativethatfirmswithlargesalesandtradingbusinessesassesstheimpactofthenewrulesontheircapitaladequacythroughacomprehensivecapitalplanningandoptimizationprocess
6、.Considerationsshouldincludebalancesheetmix,organiccapitalgeneration,andRWAde-riskingstrategies.Inaddition,BaselIIIestablishesnewliquiditystandardsthatwilldrivenewbalancesheetstrategiestolimitilliquidassets,restrictwholesale/unstablesourcesoffunding,andmanagehigherfundin
7、gcosts.Thesenewstandardswillhaveabroadimpactacrossmostbanks,particularlythosecenteredincommercialandwholesalebankingactivities.Inthelongrun,BaselIIIestablishesmorestandardizedrisk-adjustedcapitalrequirements.Asaresult,investorswillbeabletobetteranalyzeandcomparerisk-adju
8、stedperformance,whichwillultimatelydrivestockvaluationdifferences.TheSupervisoryCapitalAssessmentProgra
