Fact or fiction. What’s the read from the experts?
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™.
"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.
If this goes through, does it mean the banks don’t need to have physical inventory of metals on the books?
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?
Any update on this as Jan 2022 has passed
Regulations normally apply only to the little guy. For some reason they never seem too apply to those who make them.
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.