“What has happened recently confirms the need to take further steps forward.” The speech by Luigi Federico Signorini, general director of the Bank of Italy and president of Ivass, speaking at the Credit Day
The final summit of Basel 3, which should have been held this month and which should have approved new and more restrictive banking supervision rules (Basel 4), especially on capitalisation, has been postponed indefinitely - "It is…
FOCUS BNL . The uncertain process of the United Kingdom's exit from Europe is intertwined with two banking regulation trends of significant importance: Basel 3 and the Vickers banking reform
With a letter sent to 480 "less significant" banks, the Central Bank recommends banks with assets under 30 billion to be very cautious about the distribution of dividends, both to comply with ECB directives and to give…
According to a study by Mediobanca-R&S presented to the Ugo La Malfa Foundation, American banks are better off than European ones also because the Basel rules penalize banks that have a lower leverage and lend money to customers rather than…
The Group of Governors and Chief Supervisors (Ghos) has approved “a common definition of the leverage ratio formulated to overcome the accounting differences which have hitherto hindered the comparison of the ratios of the banks of countries…
The Basel Committee has announced the results of its monitoring of the data at the end of 2012 on the Basel 3 requirements - Large institutions have improved since June 2012 - But European banks account for 61% of resources…
According to the monitoring of the European banking authority, the major banks of the continent would currently lack 112,4 billion to comply with the Basel 3 constraints against the 186 billion of the previous survey - "The change reflects the significant progress made by…
We are publishing the first abstract of the theses we had solicited from recent graduates, on the subject of international trade, exports and, in general, related problems. It is by Marco Bordignon, a graduate of the Masters in International Commerce - MASCI of the University of Padua,…
According to the preliminary agreement reached today in Brussels, bonuses exceeding double the salary will be prohibited - A popular referendum will be held in Switzerland on the same issue on Sunday.
AN INTERVENTION BY THE BANKER ANTONIO FOGLIA - "Requiring banks to operate with a minimum capital at least equal to that which an aggressive speculative fund would have with the same portfolio seems to be the minimum" - Capitalisation, however, needs to be studied…
INTERVIEW WITH GIACOMO VACIAGO - "I appreciate the fact that resources have been freed up for companies regarding the extension of Basel 3, but I am concerned that the new motto has become 'postponing problems rather than solving them'" - "We have to rethink what…
The postponement of Basel 3 and the fine of the century to the big American banks to close the dispute on subprime mortgages dominate the markets - This morning Milan starts badly - Tonight the quarterly season opens with the accounts…
The postponement of the new rules on banks to 2015 gives impetus to the entire credit sector and Monte dei Paschi repeats Friday's exploit - The rumors about a possible integration between Alitalia and Air France, later denied,…
Banks will save 500 billion with the easing of the rules on liquidity and capitalization and with their postponement to 2015 - Celebration also for American banks after the postponement of the Dodd-Frank which separates assets covered by insurance…
Institutions will have more time to build their liquidity coverage ratios (LCRs) so that part of the available assets can be directed to support the real economy - They can also be included in the additional liquidity requested…
In the middle of the morning, Montepaschi's stock registers a sudden flare-up, which leaves operators stunned - The action is certainly favored by the decline in the Btp-Bund spread, but also by the latest rumors about a possible modification of the terms on the legislation…
'Slight delay' in the entry into force of the rules on capital and liquidity requirements as well as for all the others established in the Basel 3 framework.
Rising markets awaiting this afternoon's Fed decisions on a new injection of liquidity - Milan is positive this morning - Today the truth test on Italian debt with the annual BoT auction - Towards…
According to the general manager of the Bank of Italy, Basel 3 will not be introduced before the end of 2013 or the beginning of 2014 - On the estimates of the Centro Studi Confindustria: "Positive signals are underway".
The EU commissioner for the internal market Michel Barnier "wants to work towards a coordinated approach with the United States", but the rules "will enter into force gradually until 2019", so "we must start in 2013".
The first response from EU Commissioner Michel Barnier was negative, but the lobbying activity continues - Mussari: "The postponement would help the recovery".
The five advisers who assist the German government's choices in economic matters fire a document proposing the entry into force, step by step and by 2019, of a highly regulated banking union mechanism, focused on combating moral hazard…
For the president of ABI, the political forces should commit themselves before the elections to respecting the European commitments and the qualifying points of the action of the Monti government - Immediately a high-profile productivity pact but no new taxes, deductibility...
With a unanimous vote, Ecofin reaches an agreement on Basel 3 despite resistance from England and Bulgaria. But the Italian government is concerned about the leeway left to national authorities regarding capital requirements for banks…
On the one hand there are those who continue to want, France and Germany in the lead, that the parameters for credit institutions are the same for everyone - On the other hand, Great Britain and Sweden would like stricter rules but to be left to discretion…
"Something is still missing - underlined Schauble's Swedish counterpart, Anders Borg -. We are looking for a solution on the new capital requirements for banks, but we still need to take steps forward".
A STUDY BY STEFANO MICOSSI and JACOPO CARMASSI - Instead of aiming at the roots of the problem of capital requirements, the latest agreement of the Basel Committee patches up the pre-existing system with the result of complicating it even more - We must abandon…
The reference is in the draft of the final document that the heads of state and government of the European Union discussed this morning: it did not appear in the previous versions, but it was an important point of the "letter of the 12" to the EU.
According to what was declared to the Chamber by the central director of Bankitalia, the agreement for the introduction of the Basel 3 implementation rules should be reached at the Ecofin meeting in March.
Giuseppe Mussari, president of the Italian Banking Association, reiterates all the criticisms of the EBA directive on the new capital requirements of banks: "From the stress exercises, Italian banks have emerged as reliable and solid" - And he adds: "Because of the EBA it is Very…
Success of the auction of Btp and Ctz at falling rates - The spread falls to 415 bp - The auction and the Fed push the stock market up - But the belief that the criteria…
The news was reported today by the Financial Times - "It is false", said the German finance minister at a press conference in Paris with his French counterpart, François Baroin.
The sharp rises in financial stocks support Milan and the other European stock exchanges - Some factors have a positive influence on the sector: Merkel and Sarkozy want to ask for a softening of the Basel 3 criteria; Stock market traders take it for granted that…
According to the FT, ministers Schauble and Baroin will ask today's Eurogroup for special treatment for credit institutions that control insurance companies, a relaxation of the requirements to be included in Basel III and a three-year postponement of the deadline…
Today, at the meeting of EU ministers, the unreached agreement between private creditors of Greek debt and the government will once again be in the spotlight - The agreement has faded because the European authorities have asked for a voluntary cut of more than 70%…
The general manager of Assonime and member of Ceps presented in Brussels an analysis to implement the new banking and financial regulation system which will formally enter into force from 2013. His recipe: lower leverage ratios and…
An analysis by HSBC has highlighted what the recapitalization needs of the main European banks could be in the future - According to estimates, the most critical scenario is that of Italian and Spanish institutions
The new European financial supervision standards are changing the risk and profit assessment criteria of banks with an eye no longer only on the short term: the EVA, which takes into account the cost of risk and long-term sustainability…
Draft presented today by Commissioner Michel Barnier - "The sector needs additional capital" and must not be "too dependent on rating agencies".
