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Who can comment on the updates to Basel III regulations?

jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

Fact or fiction. What’s the read from the experts?

Comments

  • blitzdudeblitzdude Posts: 5,294 ✭✭✭✭✭

    Basel active gutter down. The conspiracy build up did sell more than a few ounces of overpriced junk. Success for the peddlers. Welcome to the silver market.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,025 ✭✭✭✭✭
    edited July 14, 2021 4:33AM

    "The upcoming rules, known as the net stable funding ratio (NSFR), are part of Basel III regulations designed to make banks more stable and prevent a repeat of the financial crisis of 2008-09."

    By "opting out," banks are once again choosing short term profit over long term stability. Once again we will likely bail them out.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭
    edited July 14, 2021 3:53AM

    If this goes through, does it mean the banks don’t need to have physical inventory of metals on the books?

  • jmski52jmski52 Posts: 22,268 ✭✭✭✭✭

    It kinda sounds to me like the bullion banks got a carve-out that allows them to have paper gold on their books that isn't subject to Basel 3.

    Am I reading it right?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

    Any update on this as Jan 2022 has passed

  • derrybderryb Posts: 36,025 ✭✭✭✭✭

    Regulations normally apply only to the little guy. For some reason they never seem too apply to those who make them.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,268 ✭✭✭✭✭

    If you search Basel 3 implementation, you can find a chart that shows how far along the implementation is for each of several parameters. They look to be between 40% and 60% implemented, behind schedule.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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