Facility to Assist Big 5 with Basel III Liquidity

In an unprecedented move to bombproof the country’s major lenders, South African Reserve Bank governor Gill Marcus has set up a R240-billion facility to help the big five banks to meet the tough global liquidity requirements of Basel III. The facility was approved...

UK and France Clash Over Equity

“Europe is about to set in stone a first set of standards designed to strengthen banks” reports Le Figaro. Finance ministers from the 27 member states are meeting today (May 2) put into law the international standards, known as “Basel 3”, developed to...

Basel 3 Will Cost

The new Basel 3 banking rules are likely to increase funding costs for banks by as much as 30%, says leading rating agency. The implementation of Basel III in the global banking sector will require greater management of risk and capital, according to a report by...

Regulator Firm on Basel 3

Australia regulator resists pressure to ease tough new rules on balance sheet capital The Australian Prudential Regulation Authority also plans to stick to its accelerated timetable for the introduction of the new rules from the start of next year. ”APRA is not...