Basel II and Basel 1A- New Capital Rules on Track， but still a long trip ahead.pdf

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1、CapitalRequirementsBaselIIandBaselIA:NewCapitalRulesonTrack,butStillaLongTripAheadByDwightC.SmithIIIFullimplementationofBaselIAhasbeendeferredto2012.helastweekofSeptemberandthefirstweekbeenasensethatthesestandardsareinsufficientlyofOctobersawthreesignificantregulat

2、orysensitivetodifferencesincreditriskandthatamoreTdevelopmentsforawideswathoftheU.S.sophisticatedcapitalanalysisisappropriate,particu-bankingindustry.ThefederalbankingregulatorslarlyforlargeandcomplexbanksabletosupportpushedbackfullimplementationofBaselIIbysucha

3、napproach.anadditionaltwoyears,until2012,whilemakingIn2004,theBaselcommitteeissuedanewandclearthattheleverageratioandpromptcorrectivesubstantiallymorecomplicatedcapitaladequacyaction(PCA)ruleswillsurvive.Theregulatorsframework,theInternationalConvergenceofCapi-a

4、lsoproposedsignificantreformstotherisk-basedtalMeasurementandCapitalStandards:ARevisedcapitalrulesforallotherU.S.banks,asetofreformsFramework,orBaselII,manyofthedetailsofknownasBaselIA.TheFederalDepositInsurancewhichhadbeenknownforsometime.InadditionCorporation(F

5、DIC)voted,withthesupportofthetoprovidingforthecalculationofrisk-basedcapitalOfficeoftheComptrolleroftheCurrency(OCC),charges,BaselIIprovidesforanadditionalcapitaltoprovidestatebanksgreaterparitywithnationalchargeforaninstitutionsoveralloperationalrisk,banksonseve

6、ralregulatoryissues.Thefirsttwoanditimposescertaindisclosurerequirements.Thedevelopmentsrespondinparttoincreasinglyvo-threeelementsminimumcapital,supervisoryre-calconcernonCapitolHillaboutthedirectionandviewandmarketdisciplinearereferredtoinBaselimpactofthenewcap

7、italrules,andthelastislikelyIIas,respectively,PillarsI,IIandIII.BaselIItoelicitconsiderablecongressionalinterest.alsoprovidesthreedifferentapproachestocreditrisk,dependingonthesizeandsophisticationofaBasel:WhereWeAreNowbank:astandardizedapproachforsmallerbanks,a

8、foundationinternalratings-basedapproachandBeforeaddressingtheBaselIIandIAdevelopments,anadvancedinternalratings-basedapproachforitmaybeusefultoreviewthehistoryoftheBa