Basel III is the latest update to the Accords from the Basel Committee on Banking Supervision. Its aim is to ensure that banks have enough liquidity to survive and strengthen the definition of what is deemed admissible capital.
Mark Young, a Partner for Deloitte’s Risk Services, says the impact on Australian banks will be fairly limited, given the level of funding in the sector here. The Big Four banks here all have strong capital bases, but the same cannot be said of those in many other G20 countries.
The question is, of course, will Basel III, when it is eventually ratified, make any difference to the way banks operate? In some countries, stung hardest by the downturn, local regulations are already stretching well beyond the Basel III reforms.
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A third of the way to a zettabyte
A look at how internet usage is changing in Australia and around the world. How are we meeting this demand and how is the cost structure changing for the service provider?
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US jobs market too hot for the Fed?
US payrolls numbers were way higher than expected, with wages also increasing. On today’s podcast NAB’s Ray Attrill is asked if this means we can expect about 75 basis point hike from the Fed at their next meeting.
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Top 40 Business Tips #25: Build the Passion
Are your staff lacking passion? Did they have it to start with? If so, what’s making them lose it?
