BASEL: GOING FOURTH?

摘要

The first phase of Basel Ⅲ came into effect for EU member states this month through the Capital Requirements Directive (CRD) IV, and other countries around the world have also started to implement it. Banks have until 2019 to meet all the requirements, and the signs are that the vast majority will have little trouble in doing so, but they are having to make big changes to their business strategies and operating models, especially because of the tougher rules on capital adequacy. Basel Ill's broad objectives, drawn up by the Basel Committee on Banking Supervision, are well known. They are to improve the banking sector's ability to absorb shocks arising from financial and economic stress by applying stricter capital and liquidity requirements; to improve risk management and governance; and to strengthen banks' transparency and disclosures.