Post From Dinar Updates 3-05-16
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 3-05-16 Part 1 of 2
_firefly_ says():Basel III Monitoring Report March 2016
_firefly_ says():This report presents the results of its latest Basel III monitoring exercise. The Committee established a rigorous reporting process to regularly review the implications of the Basel III standards for banks, and it has published the results of previous exercises since 2012.
Data have been provided for a total of 230 banks, comprising 101 large internationally active banks ("Group 1 banks", defined as internationally active banks that have Tier 1 capital of more than €3 billion) and 129 "Group 2 banks" (ie representative of all other banks).
_firefly_ says():Whoah
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 3-05-16 Part 1 of 2
_firefly_ says():Basel III Monitoring Report March 2016
_firefly_ says():This report presents the results of its latest Basel III monitoring exercise. The Committee established a rigorous reporting process to regularly review the implications of the Basel III standards for banks, and it has published the results of previous exercises since 2012.
Data have been provided for a total of 230 banks, comprising 101 large internationally active banks ("Group 1 banks", defined as internationally active banks that have Tier 1 capital of more than €3 billion) and 129 "Group 2 banks" (ie representative of all other banks).
_firefly_ says():Whoah
_firefly_ says():This report presents the results of its latest Basel III monitoring exercise. The Committee established a rigorous reporting process to regularly review the implications of the Basel III standards for banks, and it has published the results of previous exercises since 2012.
Cricket22 says to _firefly_():(y)
_firefly_ says():the results of previous exercises since 2012.
_firefly_ says():On a fully phased-in basis, data as of 30 June 2015 show that all large internationally active banks meet the Basel III risk-based capital minimum Common Equity Tier 1 (CET1) requirements as well as the target level of 7.0% (plus the surcharges on global systemically important banks - G-SIBs - as applicable).
Between 31 December 2014 and 30 June 2015, Group 1 banks continued to reduce their capital shortfalls relative to the higher Tier 1 and total capital target levels; the additional Tier 1 (AT1) capital shortfall has decreased from €6.5 billion to €3.4 billion and the Tier 2 capital shortfall from €40.6 billion to €12.8 billion.
Most of this Tier 2 capital shortfall is attributable to the G-SIBs in the sample, while the AT1 capital shortfall is fully attributable to the non-G-SIB Group 1 banks. As a point of reference, the sum of after-tax profits prior to distributions across the same sample of Group 1 banks for the six-month period ending 30 June 2015 was €307.2 billion.
_firefly_ says():These just came out today .... WOW
_firefly_ says():Under the same assumptions, there is no capital shortfall for Group 2 banks included in the sample for the CET1 minimum of 4.5%. For a CET1 target level of 7.0%, the shortfall has narrowed from €1.5 billion to €0.2 billion since the previous period.
The monitoring reports also collect bank data on Basel III's liquidity requirements. Basel III's Liquidity Coverage Ratio (LCR) was set at 60% in 2015, increases to 70% in 2016 and will continue to rise in equal annual steps to reach 100% in 2019.
The weighted average LCR for the Group 1 bank sample was 123.6% on 31 December 2015, slightly down from 125.3% six months earlier. For Group 2 banks, the weighted average LCR was 140.1%, down from 144.3% six months earlier. Of the 160 banks in the LCR sample, 84% reported an LCR that met or exceeded 100%, while all banks reported an LCR at or above the 60% minimum requirement that was in place for 2015.
_firefly_ says():all banks reported an LCR at or above the 60% minimum requirement that was in place for 2015.
_firefly_ says():BINGO
_firefly_ says():Basel III also includes a longer-term structural liquidity standard - the Net Stable Funding Ratio (NSFR). The weighted average NSFR for the Group 1 bank sample was 111.9%, while for Group 2 banks the average NSFR was 114.0%.
As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015. That is, they do not take account of the transitional arrangements set out in the Basel III framework, such as the gradual phase-in of deductions from regulatory capital.
No assumptions were made about bank profitability or behavioural responses, such as changes in bank capital or balance sheet composition. For that reason, the results of the study may not be comparable with industry estimates.
_firefly_ says():wHOAH
_firefly_ says():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015. That is, they do not take account of the transitional arrangements set out in the Basel III framework, such as the gradual phase-in of deductions from regulatory capital.
No assumptions were made about bank profitability or behavioural responses, such as changes in bank capital or balance sheet composition. For that reason, the results of the study may not be comparable with industry estimates.
_firefly_ says():http://ift.tt/1TRco1s
http://ift.tt/1TRco1s
_firefly_ says():OK, BACK TO RECIPIES AND POLITICS LOL
Hutch says to _firefly_():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015.
Hutch says to _firefly_():THATS BIG NEWS FF!
_firefly_ says():oH, AND iRAQI MEDIA LOL
_firefly_ says to Hutch():(y) HUGE HUGE HUGE
Pablo says():Pardon me for not understanding banking info, but what is the implication of all this?
_firefly_ says():Ok, off the floor and back in my chair lol
subgirl says to _firefly_():lol
maine says():they have to be basel III compliant for international banking pablo
Pablo says():Oh, I get it. Okay.
_firefly_ says():EVERY BANK needs to be !
maine says():right!
_firefly_ says():BINGO !!!!!!!!
maine says():and the final phase is fully in force!
Pablo says():So, does that mean they are Article 8?
Pablo says():Or is that a different issue?
Cricket22 says to maine):I am glad you inderstand this. 8-|
_firefly_ says():Indirectly but mostly global requirements that effect contracts !
_firefly_ says():And transparency
dwightj says():ARTICLE COMES FROM IMF AND WORLD BANK NOT THE BASEL III GROUP
dwightj says():ARTICLE8
_firefly_ says():But .... NOTHING can happen without the the stamp of approval from the BIS
Pablo says():Sounds like they are getting there.
_firefly_ says():Bank of INTERNATIONAL Settlements
larrykn says():wow firefly great news (y)
Cricket22 says():I see
_firefly_ says to Pablo():Not getting there ... DONE !
dwightj says():BIS IS LIKE ANOTHER FINANCE GROUP FROM IMF
larrykn says():everyday we get a little closer to the end ,,,, I love it :)
misterq says to _firefly_():Can you give me the date & rate on all this??????:P
Cricket22 says to larrykn():I (L) it! :)
dwightj says():COMPITION
_firefly_ says to dwightj():Wrong, they work WITH the IMF and the UN
_firefly_ says to dwightj():IMF can't do anything without the BIS stamp of approval
Cricket22 says to _firefly_():(y)
_firefly_ says():the results of previous exercises since 2012.
_firefly_ says():On a fully phased-in basis, data as of 30 June 2015 show that all large internationally active banks meet the Basel III risk-based capital minimum Common Equity Tier 1 (CET1) requirements as well as the target level of 7.0% (plus the surcharges on global systemically important banks - G-SIBs - as applicable).
Between 31 December 2014 and 30 June 2015, Group 1 banks continued to reduce their capital shortfalls relative to the higher Tier 1 and total capital target levels; the additional Tier 1 (AT1) capital shortfall has decreased from €6.5 billion to €3.4 billion and the Tier 2 capital shortfall from €40.6 billion to €12.8 billion.
Most of this Tier 2 capital shortfall is attributable to the G-SIBs in the sample, while the AT1 capital shortfall is fully attributable to the non-G-SIB Group 1 banks. As a point of reference, the sum of after-tax profits prior to distributions across the same sample of Group 1 banks for the six-month period ending 30 June 2015 was €307.2 billion.
_firefly_ says():These just came out today .... WOW
_firefly_ says():Under the same assumptions, there is no capital shortfall for Group 2 banks included in the sample for the CET1 minimum of 4.5%. For a CET1 target level of 7.0%, the shortfall has narrowed from €1.5 billion to €0.2 billion since the previous period.
The monitoring reports also collect bank data on Basel III's liquidity requirements. Basel III's Liquidity Coverage Ratio (LCR) was set at 60% in 2015, increases to 70% in 2016 and will continue to rise in equal annual steps to reach 100% in 2019.
The weighted average LCR for the Group 1 bank sample was 123.6% on 31 December 2015, slightly down from 125.3% six months earlier. For Group 2 banks, the weighted average LCR was 140.1%, down from 144.3% six months earlier. Of the 160 banks in the LCR sample, 84% reported an LCR that met or exceeded 100%, while all banks reported an LCR at or above the 60% minimum requirement that was in place for 2015.
_firefly_ says():all banks reported an LCR at or above the 60% minimum requirement that was in place for 2015.
_firefly_ says():BINGO
_firefly_ says():Basel III also includes a longer-term structural liquidity standard - the Net Stable Funding Ratio (NSFR). The weighted average NSFR for the Group 1 bank sample was 111.9%, while for Group 2 banks the average NSFR was 114.0%.
As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():As of June 2015, 79% of the Group 1 banks and 83% of the Group 2 banks in the NSFR sample reported a ratio that met or exceeded 100%, while 92% of the Group 1 banks and 94% of the Group 2 banks reported an NSFR at or above 90%.
_firefly_ says():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015. That is, they do not take account of the transitional arrangements set out in the Basel III framework, such as the gradual phase-in of deductions from regulatory capital.
No assumptions were made about bank profitability or behavioural responses, such as changes in bank capital or balance sheet composition. For that reason, the results of the study may not be comparable with industry estimates.
_firefly_ says():wHOAH
_firefly_ says():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015. That is, they do not take account of the transitional arrangements set out in the Basel III framework, such as the gradual phase-in of deductions from regulatory capital.
No assumptions were made about bank profitability or behavioural responses, such as changes in bank capital or balance sheet composition. For that reason, the results of the study may not be comparable with industry estimates.
_firefly_ says():http://ift.tt/1TRco1s
http://ift.tt/1TRco1s
_firefly_ says():OK, BACK TO RECIPIES AND POLITICS LOL
Hutch says to _firefly_():The results of the monitoring exercise assume that the final Basel III package is fully in force, based on data as of 30 June 2015.
Hutch says to _firefly_():THATS BIG NEWS FF!
_firefly_ says():oH, AND iRAQI MEDIA LOL
_firefly_ says to Hutch():(y) HUGE HUGE HUGE
Pablo says():Pardon me for not understanding banking info, but what is the implication of all this?
_firefly_ says():Ok, off the floor and back in my chair lol
subgirl says to _firefly_():lol
maine says():they have to be basel III compliant for international banking pablo
Pablo says():Oh, I get it. Okay.
_firefly_ says():EVERY BANK needs to be !
maine says():right!
_firefly_ says():BINGO !!!!!!!!
maine says():and the final phase is fully in force!
Pablo says():So, does that mean they are Article 8?
Pablo says():Or is that a different issue?
Cricket22 says to maine):I am glad you inderstand this. 8-|
_firefly_ says():Indirectly but mostly global requirements that effect contracts !
_firefly_ says():And transparency
dwightj says():ARTICLE COMES FROM IMF AND WORLD BANK NOT THE BASEL III GROUP
dwightj says():ARTICLE8
_firefly_ says():But .... NOTHING can happen without the the stamp of approval from the BIS
Pablo says():Sounds like they are getting there.
_firefly_ says():Bank of INTERNATIONAL Settlements
larrykn says():wow firefly great news (y)
Cricket22 says():I see
_firefly_ says to Pablo():Not getting there ... DONE !
dwightj says():BIS IS LIKE ANOTHER FINANCE GROUP FROM IMF
larrykn says():everyday we get a little closer to the end ,,,, I love it :)
misterq says to _firefly_():Can you give me the date & rate on all this??????:P
Cricket22 says to larrykn():I (L) it! :)
dwightj says():COMPITION
_firefly_ says to dwightj():Wrong, they work WITH the IMF and the UN
_firefly_ says to dwightj():IMF can't do anything without the BIS stamp of approval
Hutch says():BIS is Bank of INTERNATIONAL settlements
dwightj says():THAT HAS CHANGED WELL I HAVENT READ THAT
dwightj says():DIDNT KNOW THAT
larrykn says():this is Iraq getting everything completed for the IMF, BIS , UN so they can move forward, great news
_firefly_ says to larrykn():Correct
larrykn says():yw but that is all firefly great find :)
_firefly_ says to larrykn():The way a currency reform works is
_firefly_ says():1: The countryin question sends a letter of intent to the IMF
_firefly_ says():2: The IMF reviews the request. If they approve it it sent to the BIS
_firefly_ says():3: The BIS either approves it or denies it
_firefly_ says():4: If it is approved, the IMF is notified
_firefly_ says():5: The IMF informs the country in question of the conclusion
_firefly_ says):6: .................................
misterq says to _firefly_():What step are we in?????
larrykn says():and it sounds like we are on 5
larrykn says():working on 6
_firefly_ says():hope that helped some :)
Cricket22 says to _firefly_():How many more?
larrykn says():buggy the next step would be what we want to see :)
Cricket22 says to larrykn():Oh duhhhh.... :D
larrykn says():well I'm off to listen to a bunch of 4 trios sing, this should be fun :)
subgirl says to larrykn():cya laters :) have fun!
magnetlady says():awesome larrykn. enjoy
_firefly_ says():Banks can also transfer resources by buying and selling their own short-term debt in the “money market”, but ultimate settlement is made by exchanging central bank reserves.
_firefly_ says():Man, THEY ARE TALKING !!!!!!!!
subgirl says to _firefly_():keep going, you are on a roll!!! (y)
Comments may be made at the end of Part 2 Thank You
dwightj says():THAT HAS CHANGED WELL I HAVENT READ THAT
dwightj says():DIDNT KNOW THAT
larrykn says():this is Iraq getting everything completed for the IMF, BIS , UN so they can move forward, great news
_firefly_ says to larrykn():Correct
larrykn says():yw but that is all firefly great find :)
_firefly_ says to larrykn():The way a currency reform works is
_firefly_ says():1: The countryin question sends a letter of intent to the IMF
_firefly_ says():2: The IMF reviews the request. If they approve it it sent to the BIS
_firefly_ says():3: The BIS either approves it or denies it
_firefly_ says():4: If it is approved, the IMF is notified
_firefly_ says():5: The IMF informs the country in question of the conclusion
_firefly_ says):6: .................................
misterq says to _firefly_():What step are we in?????
larrykn says():and it sounds like we are on 5
larrykn says():working on 6
_firefly_ says():hope that helped some :)
Cricket22 says to _firefly_():How many more?
larrykn says():buggy the next step would be what we want to see :)
Cricket22 says to larrykn():Oh duhhhh.... :D
larrykn says():well I'm off to listen to a bunch of 4 trios sing, this should be fun :)
subgirl says to larrykn():cya laters :) have fun!
magnetlady says():awesome larrykn. enjoy
_firefly_ says():Banks can also transfer resources by buying and selling their own short-term debt in the “money market”, but ultimate settlement is made by exchanging central bank reserves.
_firefly_ says():Man, THEY ARE TALKING !!!!!!!!
subgirl says to _firefly_():keep going, you are on a roll!!! (y)
Comments may be made at the end of Part 2 Thank You
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