Friday, April 16, 2010

My Toddler Has Genital Warts

In a word: the boots in the neutral zone

The Bank for International Settlements (BIS) - the "central bank of central banks" - in Basel makes talked about again and screwed to new capital adequacy rules for banks to be implemented by end 2012 should. The first orientation (Basel III) will be published in summer 2010. This contains also changes to the regulations on CO2 emissions and so-called CoCo bonds. Already having specially, specialized bond specialists anticipate the beginning of a new bladder.

for more transparency and speed, international communication between national banking control authorities, called the International Monetary Fund (IMF), in addition to a - possibly - the necessary legislative amendment the BIS as a data collection for all transactions, complaints, inquiries, loans, and many use more data. Here, the available facts and data are already very meaningful and reliable. The Basle Bank - with 18 floors in the form of a boot - recently issued a debt view of the countries to international banks. This revealed that Greece had to pay 4.5 billion in Austrian, 56.3 billion for French and 32.1 billion euros in German banks. However, German banks to the ailing Spain also have given more than 240 billion €.

to A study of the BIS increase the debt of the most serious industrial countries by the year 2011 and justified concern is loud. If even one state have no other financial resources, other countries also fall into severe difficulties and the domino effect would be can stop. Also we pushes out of the BIS management level, the European Central Bank (ECB) to compliance with the timetable of the global financial market reform. The work must proceed by calendar, "said Jaime Caruana, Chairman of the BIS, and added," We need better global framework to control systemic risks .

0 comments:

Post a Comment