The Basel Risk-Based Capital Standards: Are they Workable?
The following MP3 was recorded on May 1, 2007.
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10:00 - 11:45 a.m.
A Basel Backgrounder
Is an international bank capital standard constitutional in the U.S. without Senate ratification as if it were a treaty? Is there really a need for internationally applicable bank capital standards? If so, who benefits from such a standard(s)? What competitive distortions are likely to arise in the application of new Basel capital standards, whether every bank operates under the same rules or there are different rules for different-size and type banks? What are the unintended consequences of the interaction between a simple leverage capital requirement and a risk-based capital requirement?
- Mr. Bert Ely, Ely & Company
- Mr. George E. French, Deputy Director, Policy and Examination Oversight, FDIC
- Hon. Peter J. Wallison, American Enterprise Institute
- Mr. Gary Wilhite, Senior Vice President, Credit Risk Management, Wachovia Corporation
- Mr. Charles M. Miller, Keating Muething & Klekamp, PLL-Moderator