Who can comment on the updates to Basel III regulations?

jessewvu

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

jessewvu

https://www.reuters.com/world/china/britain-carves-out-exemption-gold-clearing-banks-basel-iii-rule-2021-07-09/

blitzdude

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.

derryb

"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.

jessewvu

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

jmski52

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?

jessewvu

Any update on this as Jan 2022 has passed

derryb

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

jmski52

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.