Banking Reform – The Consequences of Basel III
Financial Services & E-Commerce Practice Group Teleforum
Douglas Elliott, Bert Ely
Start : Friday, September 28, 2012 2:30 PM
End : Friday, September 28, 2012 3:30 PM
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U.S. banking regulators have proposed revisions in capital requirements that would apply to all U.S. depository institutions, certain bank holding companies, and savings and loan holding companies. Known as Basel III, the proposed revisions are in accord with a global initiative to strengthen bank capital. The essence of Basel III is to (1) implement a more restrictive definition of bank capital (i.e., improving the “quality” of capital) and (2) introduce more granularity in assessing the riskiness of individual bank assets. The effect of Basel III will be to significantly increase the amount of capital banks must hold against their on-balance-sheet assets as well as off-balance-sheet risk exposures. What will be the impact of Basel III on banks, especially smaller banks, on credit availability in the economy, and on the structure of the U.S. financial system?
- Mr. Douglas J. Elliott, The Brookings Institution
- Mr. Bert Ely, Ely & Company, Inc.
Call begins at 2:30 p.m. Eastern Time.
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