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FIREFLY THINKS every bank has to be basel III compliant for international banking.
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FIREFLY THINKS every bank has to be basel III compliant for international banking.
firefly
"Basel III Monitoring Report March 2016 March 2016: 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...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...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."
...all banks reported an LCR [Liquidity Coverage Ratio] at or above the 60% minimum requirement that was in place for 2015.
BINGO...HUGE HUGE HUGE...
[they have to be basel III compliant for international banking.]
EVERY BANK needs to be! BINGO!
Ponee- Admin
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Re: FIREFLY THINKS every bank has to be basel III compliant for international banking.
Wrongo! Basel III has to do with how major banks count their assets. There is nothing mandatory about it on the international level. It is an optional set of guidelines that countries may adopt, modify or ignore at their option. Nothing more, nothing less. BTW since it is another common guru lie, nowhere does it mandate asset based currency. In fact the guidelines consider assets such as gold and silver to be tier 2 assets weighted at 50% because of their volatility.
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