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10 August 2010

FT: Diluting Basel III is a huge mistake


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Die neue vorgeschlagene Leverage Ratio, dass bei nur 3 Prozent liegen soll, sollte nach Meinung der FT dringend erhöht werden. Anspruchsvollere Stress-Szenarien sollten eingeführt werden um den kurzfristigen Liquiditätsbedarf beurteilen zu können. Neue Regelungen zum um die Laufzeiten der Vermögenswerte und der Verbindlichkeiten einander anzupassen sollten wieder eingeführt werden.



 
It is ironic that the Basel Committee on Banking Supervision has concluded, in joint studies with the Financial Stability Board released this week, that economic growth is not very sensitive to tighter capital standards. For it was precisely fears about choking off the nascent recovery that made the Basel Committee water down its reform proposals last month.
The Basel Committee must use the little time it has left – new capital rules are due to be finalised before the Group of 20 summit in November – to correct its mistake. The new leverage ratio, proposed at a mere 3 per cent, should be increased. More demanding stress scenarios should be required to assess short-term liquidity needs. A rule to better match the maturity of assets and liabilities should be reinstated. And capital ratios, which have yet to be set, must be at least doubled from Basel II.


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© Financial Times


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